$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 months ago (MLSPIN #72972173)
Price History
Property Highlights
Parking Available
Fireplace
Parking Details
Has Open Parking
Parking Features: Off Street, Assigned, Paved, Paved Drive
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), High Speed Internet, Bathroom With Tub & Shower, Remodeled, Slider, Living Room, Kitchen
Appliances: Range, Microwave, Refrigerator
Flooring Type: Wood, Tile, Vinyl, Carpet, Hardwood, Stone/Ceramic Tile
Door Features: Storm Door(s)
Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Rooms: 10
Has Fireplace
Fireplaces: 2
Basement: Full, Bulkhead
Exterior Details
Square Footage: 2446
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Building Area Total: 2446
Levels: 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Enclosed, Deck
Pool is Private
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Lot Size Square Feet: 3220
Water Source: Public
Financial Details
Tax Map Number: 6
Tax Assessed Value: $440,500
Tax Annual Amount: $5,204
Utilities Details
Heating Type: Natural Gas
Sewer : Public Sewer
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