This five unit building is situated on a large corner lot with 15 parking spaces, blocks from vibrant Malden Center and MBTA Station. Malden Center is undergoing a magnificent transformation with new shops, restaurants and entertainment. Four nicely-sized one bedroom units and a five room office suite in the basement make up this well maintained property. Room to expand into the third floor from one of the second floor units. In building coin-operated laundry, strong rental history, and easy access to major highways, public transportation & local amenities. Two second floor units have lead compliance and are currently vacant. Basement Office space is also vacant, includes central ac and has been freshly painted. Opportunities like this don't come along every day. Fantastic opportunity for Investors!
Sale Statistics
Sale Overview
Original List Price:$1,625,000
Final Sale Price:$1,457,000
Difference:
$168,000 (-10.3%)
Performance Metrics
89.7%
List to Sale Ratio
Sold below asking price
62
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:$351
Sale $/sq ft:$314
This property sold for $314 per square foot
Sale Summary
This property sold for 10.3% below the original asking price.
The property spent 62 days on market before selling.
Laundry Room, Storage, High Speed Internet, Pantry, Bathroom with Shower Stall, Ceiling Fan(s), Walk-Up Attic, Lead Certification Available, Bathroom With Tub & Shower, Office/Den, Living Room, Kitchen
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Partially Finished, Walk-Out Access
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Irregular
Exterior Features
Rain Gutters
Fencing
Fenced/Enclosed
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.21 acres
Lot Size
9,135 sq ft
Lot Size Area
0.2100
Lot Features
Corner Lot, Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
15
Parking Features
Paved Drive, Off Street, Leased, Paved
Utilities & Systems
Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, Individually Metered
Energy Efficient Features
Varies per Unit
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, Sidewalks
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$15,363
Tax Year
2023
Tax Assessed Value
$1,260,300
Parcel Number
M:029 B:139 L:907,592810
Zoning
RO
Financial Data Source
Not Available
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Rents for Units 4 & 5 (2nd floor units) are what the units were previously rented for. Units are vacant. Lead Certificates for 2 units on 2nd floor. Rent listed for unit 3 includes parking. Buyer to do due diligence & verify all info in listing. Seller makes no warranties or representation.
Exclusions
Sellers Personal Belongings. Tenants Personal Belongings.
