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81 Western Avenue
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 8, 2005 | Sold | ||
| Sold | |||
| Feb 16, 2005 | Listed by RE/MAX Advantage Real Estate | $599,000 | |
| Listed by RE/MAX Advantage Real Estate | |||
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Unobstructed views from this 3 bedroom home. Your front yard filled with the entertainment of the harbor, schooner races, fireworks, working fishing boats. You can stroll the boulevard, walk to restaurants and shops. Many updates completed. Great getaway!
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| Sep 24, 2001 | Sold | ||
| Sold | |||
| Jul 16, 2001 | Listed by J. Barrett & Company | $395,000 | |
| Listed by J. Barrett & Company | |||
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MILLION DOLLAR OCEAN VIEWS ON THE BOULEVARD! A RARE OPPORTUNITY TO OWN A CLASSIC GLOUCESTER COLONIAL WITH GENEROUS ROOM. 2 CAR GARAGE. NEAR EVERY CONCEIVABLE AMENITY.
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