48 Cleveland Avenue, Everett, MA 02149
Three-family property with tenants in place.
- Added:
- Nov 9, 2024
- Days on Market:
- 605
- Last Refresh:
- Apr 6 at 3:33 am
Property Features for 48 Cleveland Avenue
General Information
- Standard status
- Active
- Size
- 1,864 SF
- Lot size
- 0.04 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing office Mary Ellen Martin (857) 204-7445
Listing date Nov 9, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Mary Ellen Martin
HighLights
- Three separate legal apartments.
- Three family property.
- Tenants occupying units.
- Built in 1900.
- Contact agent for showing.
- Investment property.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.3k | $31.80 |
| − Vacancy | −$2.9k | −$1.57 |
| EGI | $56.3k | $30.23 |
| − OpEx | −$16.9k | −$9.07 |
| NOI | $39.4k | $21.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0582787
- Latitude
- 42.4116251
