$695,000
●
Multifamily -
Off Market
9 Washington Square
Gloucester, MA 01930
6 Beds
2 Baths
2,446 Ft²
$711,044
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model
About This Property
Great Opportunity for an Investor or Owner Occupant To Own this
Well Maintained 2-Family Property Centrally Located near Shopping,
T-Station, Downtown Restaurants, and Blvd. Unit 1 has 2 Bedrooms
and 1 Bath with a Lease to Feb 2023. Unit 2 has 4 Bedrooms and 1
Bath and is a Tenant at Will. Parking for 4 Off Street, Complete
Electrical Upgrade 2019, New House Meter, Added Baseboard Heat and
an Additional Zone on third floor. Fully De-Leaded Compliance
Certificate for both units, High Efficiency Heating and Hot Water
less than 10 years old, New Roof in 2011, Handicap Lift., New
Carpets, Interior Repainted, Eat in Kitchens, In Unit Laundry. Open
House Saturday April 30th and Sunday May 1st from 11am to 1 pm, All
offers due Monday May 2nd by 5pm.
Unit Size
2,446 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$284
Property Type
Multifamily
Property Taxes
$434
HOA Dues
-
Year Built
1900
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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: 5 years ago (MLSPIN #72972173)
Price History
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street, Assigned, Paved
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Ceiling Fans, High Speed Internet Hookup, Bathroom With Tub & Shower, Slider), Unit 2(Ceiling Fans, High Speed Internet Hookup, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range, Microwave, Refrigerator), Unit 2(Range, Microwave, Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Vinyl, Carpet, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors, Wall to Wall Carpet, Stone/Ceramic Tile Floor)
Laundry Features: Washer Hookup
Rooms: 10
Has Fireplace
Fireplaces: 2
Basement: Full, Bulkhead
Exterior Details
Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 2 Family - 2 Units Up/Down
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Enclosed, Deck
Lead Paint: Certified Treated
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Zoning: R5
Parcel Number: 1893619
Water Source: Public
Financial Details
Tax Map Number: 6
Tax Assessed Value: $440,500
Tax Annual Amount: $5,204
Utilities Details
Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Gas Dryer, for Electric Dryer, Washer Hookup
Heating Type: Unit 1(Gas), Unit 2(Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/27/2022
| |
6 Bed
|
2 Bath
|
2446 ft²
|
$695,000
6 Bed
2 Bath
2446 ft²
|
$700,000
+0.72%
07/01/2022
|
SeaSide Sellers Team
Holly C & Co. Fine Homes
|
|
08/14/2019
| |
5 Bed
|
2 Bath
|
2446 ft²
|
$420,000
5 Bed
2 Bath
2446 ft²
|
$417,000
-0.71%
10/10/2019
|
Nice to be Home Group
RE/MAX Advantage Real Estate
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017