203 Summer St, Malden, MA 02148

$1,240,000
10
BD
7
BA
4,727
SqFt
Sold Price
$1,240,000
List Price
$1,349,000
Status
SOLD
MLS#
73040127
Bedrooms
10
Bathrooms
7
Full Baths
6
Half Baths
1
Living Area
4,727
Lot Size (Acres)
0.23
Year Built
1900

Property Description

Cap rate7%! Huge investment cash cow. $9600 rent a month! Conveniently located near the Oak Grove station as well as easy access to churches, shops, restaurants, and numerous parks and reservations. This enormous multifamily is located on over a ¼ acre lot and consists of over 4,700 sqft living space. Features 10 large bedrooms, 6.5 baths, oversized windows allowing extra natural light, high ceilings, a roof deck, and space for over 10+ car parking. Well maintained with a newer fire alarm system as well as a newly renovated kitchen for Unit 2. Split into 2 units, with 6 beds for Unit 1 (1st and 3rd floor), and 4 beds for Unit 2, this arrangement is perfect for dividing Unit 1 into 2 units and/or establishing as a condo, resulting in a 3rd unit with 3 beds, 1 full bath. Both units are currently occupied by tenants, with the 3rd floor vacant. Current rent: Unit 2 - $4,100, Unit 1 - $5,500 ($3000 for fl and 2500 for 3rd fl)

Additional Information

Taxes
$12,734
Interior Features
Storage, Upgraded Cabinets, Upgraded Countertops, Living Room, Kitchen
Parking Description
Paved Drive, Off Street
Lot Description
Wooded
Water
Public
Sewer
Public Sewer
Elementary School
Salem Woods
Middle School
Salem Woods
High School
Malden High

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Rose Hall from Listing Office: Blue Ocean Realty, LLC.

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