$1,240,000
$1,349,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
203 Summer St Malden, MA 02148
10 Beds
6.5 Baths
4,727 SqFt
Key Details
Sold Price $1,240,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,727 sqft
Price per Sqft $262
MLS Listing ID 73040127
Sold Date 03/20/23
Bedrooms 10
Full Baths 6
Half Baths 1
Year Built 1900
Annual Tax Amount $12,734
Tax Year 2022
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
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)
Location
State MA
County Middlesex
Zoning ResA
Direction Located off of Rt 60, GPS/Google Map is correct
Rooms
Basement Unfinished
Interior
Interior Features Floored Attic, Storage, Upgraded Cabinets, Upgraded Countertops, Living Room, Kitchen
Heating Forced Air
Cooling Window Unit(s)
Flooring Wood, Tile, Hardwood
Appliance Range, Microwave, Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Range Hood
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Public School, T-Station
Utilities Available for Gas Range
Roof Type Slate
Total Parking Spaces 10
Garage No
Building
Lot Description Wooded
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Salem Woods
Middle Schools Salem Woods
High Schools Malden High
Others
Senior Community false
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Bought with Fleet Homes Group • Keller Williams Realty