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Expired

40 Belmont St, Malden MA 02148

$875,000

Estimated $2,095.49/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $291,666.67

Total Rent: 40200/year

Estimated CAP Rate: 3.67%

7 Bedrooms

3 Full Baths

2,666 SqFt

Total Parking: 8 (2 Garage)

4,853 SqFt

Fantastic opportunity for owner occupied or rental income. Make into condo's? First floor is vacant. Other apartments are tenant at will. Live in one, rent out the others. 1st & 2nd floor apartments have 3 bedrooms, living room, eat in kitchens & one extra room. Den, computer room, exercise room, whatever the tenant needs. Walk in closets. Very spacious units. Lots of hardwood floors through out. Vinyl sided. Nice lot with 2 car garage. Newly paved driveway. 3 Refrigerators & 3 stoves included. Separate utilities. A little paint and this house will sparkle! 24 hour notice to show please. Showings start 9/17/22

This home has been viewed 38 times

Last Checked: May 7th, 2024 at 1:46am (Source: MLS PIN #72988333)

Gross Income: $40,200

Gross Expenses: $8,120

Net Income Calc: $32,080

CAP Rate: 3.67%

Annual Expenses for 40 Belmont St, Malden MA 02148

Total Gross Expenses (Calculated)$8,120/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,120.13

Annual Income & Unit Breakdown for 40 Belmont St, Malden MA 02148

Total Gross Income (Calculated)$40,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,350

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 40 Belmont St, Malden MA 02148

Listing ID72988333

Property TypeMulti Family / 3 Family

Price$875,000 ($328.21/SqFt)

Style3 Family - 3 Units Up/down

CityMalden

CountyMiddlesex

MLS AreaBelmont Hill

Neighborhood(s)

Approximate Living Area Total2,666 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking8 (2 Garage)

Garage Parking2 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningResA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 40 Belmont St, Malden MA 02148

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$65,400

Total Net Income By Broker$65,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 40 Belmont St, Malden MA 02148

Real Estate Taxes$8,120.13

Tax Year2022

Assessed Value$657,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$65,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$65,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.67%

Location Information for 40 Belmont St, Malden MA 02148

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaBelmont Hill

Area Amenities

Contact Information for 40 Belmont St, Malden MA 02148

Agent

Name: Kathie Palm

Office

Name: Belsito & Associates Inc.

Phone: 508-746-8100

Payment Calculator

, Interest

Property Taxes 676.68

Principal & Interest 5391.47

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Belsito & Associates Inc.

Kathie Palm

Agent Phone

Office Phone

(508) 746-8100

Text Agent Call Agent Call Office

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EXIT

Expired

40 Belmont St, Malden MA 02148

$875,000

Annual Expenses for 40 Belmont St, Malden MA 02148

Annual Income & Unit Breakdown for 40 Belmont St, Malden MA 02148

General Information for 40 Belmont St, Malden MA 02148

Disclosures for 40 Belmont St, Malden MA 02148

Financial Information for 40 Belmont St, Malden MA 02148

Location Information for 40 Belmont St, Malden MA 02148

Contact Information for 40 Belmont St, Malden MA 02148

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Exclusive Listing Agent

Belsito & Associates Inc.

Kathie Palm