88 South St
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 |
|---|---|---|---|
| Oct 17, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | In contract | - | |
| In contract | |||
| Aug 7, 2024 | Listed by RE/MAX Executive Realty | $499,900 | |
| Listed by RE/MAX Executive Realty | |||
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Welcome to 88 South Street, Berlin, MA! This charming 4-bedroom multi-bath 1867 Colonial home, sits on a picturesque 5.3 acre lot, & is perfect for antique enthusiasts. The property features extensive gardens & stunning views, creating a serene retreat. Inside, the home offers a 24x12 1st floor family room or 1st floor bedroom with a cozy fireplace & woodstove, eat-in country kitchen, formal dining room, front parlor, & a large mudroom/utility area. The home is adorned with an abundant amount of hardwood flooring & features a walk-up attic. Additionally, there is a detached garage that is large enough to accommodate boat storage and features a 2nd floor workshop. Conveniently located near the center of town, Berlin Elementary School, conservation areas, shopping, and Rt 62/290/495. Although this home needs some work, it has the potential to become a beautiful holiday haven! New septic system will be installed by closing. Berlin is a right to farm community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017