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$395,000
● Multifamily - Off Market

80 Salem

bedrooms
6 Beds
bathrooms
0 Bath
square feet
3,384 Ft²
$974,300
RealtyHop Estimate
126.63%
Since Sep 1, 2003
National-US
Primary Model

About This Property

EXTRAORDINARY VALUE! 12 ROOMS,TWO-FAMILY W/ADDITIONAL ROOM ATTACHED(FORMER STORE) + GARAGE. RECENT ROOF,NEW WINDOWS,NEW INSULATION. ONE UNIT IS COMPLETELY RENOVATED.NEW:KITCHEN, APPLIANCES,BATH,CARPET,SIDING ETC...
Unit Size
3,384 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$127
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 years ago (MLSPIN #30726500)

Price History

Date / Event Date Event Price
Aug 15, 2003 Sold
Premium
Sold
May 27, 2003 Listed by Century 21 Citiwide $429,900
Listed by Century 21 Citiwide

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Off Street
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks))
Appliances: Unit 2(Range), Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile
Rooms: 12
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 4
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Other
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Zoning: RL
Parcel Number: 909035
Water Source: Public, Private, City/Town Water, Private Water
Financial Details
Tax Assessed Value: $302,700
Utilities Details
Utilities: for Gas Range
Heating Type: Unit 1(Oil), Unit 2(Gas)
Location Details
Community Features: Public Transportation, Shopping

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30726500
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