What is the estimated cap rate for 10-32 Overlook St, Northbridge, MA 01588?

Based on rent reported on the MLS listing, 10-32 Overlook St, Northbridge, MA 01588 (12 units) has an estimated 6.15% cap rate at its $2,800,000 list price, assuming $21,675/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 10-32 Overlook St, Northbridge, MA 01588?

The MLS listing reports about $21,675/month in total rent for a 12-unit multi-family in 01588. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

3 Days on market

10-32 Overlook St Northbridge — Photo 1 of 22

$2,800,000

Investment Analysis — 10-32 Overlook St

Northbridge, MA 01588

Based on rent reported on the MLS listing, a 12-unit multi-family in 01588 carries $21,675/mo in gross rent — about a 6.15% cap rate and $172,123/yr in estimated NOI at the $2,800,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

16,038

Style

5+ Family - 5+ Units Side by Side

Built

1914

10-32 Overlook St contains twelve (12) 4-Bedroom/1-Bathroom direct-entry townhomes, six (6) at each building, with a total of 16,038 square feet of gross living area and 24,600 square feet of gross area. The Properties are situated on a combined 0.88-acres of land and offer ample off-street parking with twenty (20) plus spaces available via a paved lot directly behind the buildings. The Properties offer serious upside potential with in-place rents significantly below current market rates for comparable units in the area, offering the buyer the potential to raise rents through slight upgrades to unit interiors. Additionally, the cash flow for the Properties benefits from separately metered utilities except for municipal water and sewer. There is no common area electric expense as there are 12 separate basements and no common areas. All 12 units units have lead certificates.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$2,800,000

Annual Taxes$25,553

Parking

Garage0

Off-Street20

Interior Specifications

Total Rooms72

FireplacesNone

Flooring--

BasementUnfinished

Climate & Utilities

HeatingNatural Gas

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofShingle

FoundationOther

ZoningR5

Property & Lot

Acres0.88

SqFt Lot38,332.8

Lot FeaturesOther

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Listing Provided By

Listing Agent: Ethan Lazar

Listing Office: Horvath & Tremblay

MLS® Number: 73576600