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$440,000
● Multifamily - Off Market

9 Franklin Ave

bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,900 Ft²
$960,355
RealtyHop Estimate
94.01%
Since Jan 1, 2005
National-US
Primary Model

About This Property

EXCEPTIONAL 4 FAMILY HOME WITHIN WALKING DISTANCE TO THE BAY. THIS IS A GREAT INVESTMENT WITH NICE TENANTS. ALL UNITS ARE RENTED. ENJOY YOUR INVESTMENT WHILE RELAXING IN THE CAPE. SOUND AND SOLID INVESTMENT IN THE CENTER OF BUZZER BAY. $56,000 YEARLY INCOME. HURRY THIS ONE WILL NOT LAST. THE OWNER WILL SELL 7 FRANKLIN AS A PACKAGE TO THE RIGHT BUYER. GREAT FOR CONDO CONVERSION IN THE FUTURE. BOTH BUILDING ARE NEXT TO EACH OTHER. EACH OFFERS THE SAME FEATURE WITH
Unit Size
3,900 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$127
Property Type
Multifamily
Property Taxes
$192
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 #70045667)

Price History

Date / Event Date Event Price
Dec 16, 2004 Sold
Premium
Sold
May 25, 2004 Listed by Santomarco Real Estate Service $495,000
Listed by Santomarco Real Estate Service

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 4
Interior Features: Unit 1 Rooms(Living Room, Kitchen, Family Room), Unit 2 Rooms(Living Room, Kitchen, Family Room), Unit 3 Rooms(Living Room, Kitchen, Family Room), Unit 4 Rooms(Living Room, Kitchen, Family Room)
Appliances: Unit 1(Range), Unit 2(Range), Unit 3(Range), Unit 4(Range), Electric Water Heater, Utility Connections for Electric Range
Flooring Type: Carpet
Rooms: 16
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 4 Family
Stories (Total): 4
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Yes, Certified Treated
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Zoning: RES
Parcel Number: 2184568
Water Source: Public, City/Town Water
Financial Details
Tax Annual Amount: $2,300
Utilities Details
Utilities: for Electric Range
Cooling Type: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC), Unit 4(Window AC)
Heating Type: Unit 1(Electric Baseboard), Unit 2(Electric Baseboard), Unit 3(Electric Baseboard), Unit 4(Electric Baseboard)
Location Details
Community Features: Public Transportation, Park, Other

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# 70045667
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