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$450,000
● Multifamily - Off Market

882 Main

bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,931 Ft²
$1,058,007
RealtyHop Estimate
125.16%
Since Oct 1, 2003
National-US
Primary Model

About This Property

TWO FAMILY LOCATED IN AREA OF NEWER HOMES.MANY NEWER UPDATES IN PAST TWO YEARS, PLUS ADDITIONAL EXPANSION POSSIBILITIES.CALL LISTING OFFICE FOR ADDITIONAL FEATURES.
Unit Size
1,931 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$243
Property Type
Multifamily
Property Taxes
$291
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 #30723494)

Price History

Date / Event Date Event Price
Sep 12, 2003 Sold
Premium
Sold
May 19, 2003 Listed by Brad Hutchinson Real Estate $469,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 3
Interior Features: Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range), Unit 2(Range), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
Flooring Type: Wood, Carpet
Laundry Features: Washer Hookup
Rooms: 11
Has Fireplace
Fireplaces: 1
Basement: Full, Concrete
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.29
Lot Size Units: Acres
Lot Size Acres: 0.29
Zoning: R2
Parcel Number: 735606
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $303,900
Tax Annual Amount: $3,492
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Heating Type: Unit 1(Central Heat), Unit 2(Central Heat)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Sidewalks

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# 30723494
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