Lot 27-8 Old Warren Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 30, 2024 | Sold | ||
| Sold | |||
| Dec 6, 2023 | In contract | - | |
| In contract | |||
| Jul 17, 2023 | Listed by RE/MAX Connections | $109,900 | |
| Listed by RE/MAX Connections | |||
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Beautiful country setting! This 13.06 acre lot has over 340 feet of frontage on Old Warren Road and 50 feet of frontage on St. John Street. Potential to subdivide the lot into 2 larger parcels. The property abuts over 330 acres of land that is owned by the Commonwealth Of Massachusetts. Enjoy hiking and nature at it's best in your own back yard. Many possibilities. Buyer to verify all information with the town of Palmer. Buyer is responsible for obtaining all approvals and permits from the town building department.
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| Jun 24, 2023 | No longer available | - | |
| No longer available | |||
| Jan 23, 2023 | Listed by RE/MAX Connections | $124,900 | |
| Listed by RE/MAX Connections | |||
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Beautiful country setting! This 13.06 acre lot has over 340 feet of frontage on Old Warren Road and 50 feet of frontage on St. John Street. Potential to subdivide the lot into 2 larger parcels. The property abuts over 330 acres of land that is owned by the Commonwealth Of Massachusetts. Enjoy hiking and nature at it's best in your own back yard. Many possibilities. Buyer to verify all information with the town of Palmer. Buyer is responsible for obtaining all approvals and permits from the town building department.
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