Sold
Two Granite St, Malden, MA
Malden · MA 02148
- $1,587,500
- Price
- 7
- Beds
- 7
- Baths
- 4208
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1911
Units:
7 Units
Lot size:
3,136 Sq.Ft Lot
Price per square foot:
$392 / Sq.Ft
Parking:
No Parking
About this home
2 Granite Street offers the opportunity to acquire a well-maintained, fully leased investment Property in an incredible, high-density, urban-infill location at a 6.54% cap rate on current income with below market rents. 2 Granite consists of a desirable, three-story building containing a total of seven residential units. Capital improvements include a brand-new electrical service to the entire building, newer roof and vinyl siding as well as lead paint compliance certificates for all units. Additionally, five of the seven units and the common areas have been renovated; however, the incoming owner can add value through programmatic upgrades to the two unrenovated units, allowing the Property to achieve market rents and increased revenues. The location is 1.2-miles from Downtown Malden and Downtown Malden?s area shopping. Additionally, the Oak Grove Transit Station and Malden Center Transit Station with service on the Orange Line as well as the MBTA Commuter Rail are 1.6 miles away.
Neighborhood & Transit
Two Granite St, Malden · MA 02148
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 1368 days
- Listing Price:
- $1,650,000
- Price per Sq.Ft:
- $392
- Tax Assessment:
- $888,200 in 2023
- Taxes:
- $902 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 7
- Half Bathrooms
- 0
- Living Area
- 4,208 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4208
- Flooring
- Unknown
- Lead paint
- Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Individually Metered
Exterior Features
- Lot Size
- 3,136 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- John Pentore
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73076169