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51 Fellsway East, Malden MA 02148

$1,425,000

Estimated $3,535.46/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $475,000

Total Rent: 75600/year

Estimated CAP Rate: 4.02%

9 Bedrooms

3 Full Baths

4,440 SqFt

Total Parking: 7

4,901 SqFt

Three Level Row House - Triple Decker - Malden/Medford Line. New Vinyl Siding, Newer Gas Heat/Hot Water Systems. Many Updates 2016/2017/2023 - Kitchen & Bathrooms. Three New Gas Heating Burners added March 2023. Parking for 7-10 Vehicles. Coin-Op Laundry income(basement) - Assigned Storage Areas in basement. Great Investment Property/1031 Exchange. Buyer, Buyer's Agent/Attorney responsible for due diligence. Great Investment/Income Potential - 1031 exchange.

This home has been viewed 34 times

Last Checked: May 7th, 2024 at 2:41am (Source: MLS PIN #73068463)

Gross Income: $75,600

Gross Expenses: $18,298

Net Income Calc: $57,302

CAP Rate: 4.02%

Annual Expenses for 51 Fellsway East, Malden MA 02148

Total Gross Expenses (Calculated)$18,298/year

APOD AvailableNo

Heating

Electricity

Water$3,600

Gas$3,600

Insurance

Sewer$3,600

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$14,698

Annual Income & Unit Breakdown for 51 Fellsway East, Malden MA 02148

Total Gross Income (Calculated)$75,600

Unit 1

Rental Income$2,000

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$2,100

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$2,200

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 51 Fellsway East, Malden MA 02148

Listing ID73068463

Property TypeMulti Family / 3 Family

Price$1,425,000 ($320.95/SqFt)

Style3 Family - 3 Units Up/down

CityMalden

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,440 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking7

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area

Foundation DescriptionConcrete Perimeter,Block,Stone

Accessible Features

Outdoor Space

ZoningResA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesThermostat

Terms

Disclosures for 51 Fellsway East, Malden MA 02148

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureAssigned Basement Storage Areas & Shared Coin-

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$3,600

Total Gross Income By Broker$24,000

Total Net Income By Broker$20,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.5

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 51 Fellsway East, Malden MA 02148

Real Estate Taxes$14,698

Tax Year2022

Assessed Value$1,190,100

Financial Data SourceOwner

Total Gross Expenses By Broker$3,600

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$24,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$20,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.02%

Location Information for 51 Fellsway East, Malden MA 02148

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, Public School, Park, Public Transportation

Contact Information for 51 Fellsway East, Malden MA 02148

Agent

Name: William W. Brennan

Office

Name: Greater Metropolitan R. E.

Phone: 781-574-1000

Payment Calculator

, Interest

Property Taxes 1224.83

Principal & Interest 8780.4

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Greater Metropolitan R. E.

William W. Brennan

Agent Phone

Office Phone

(781) 574-1000

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[road_frontage_type] => Array
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    [state_code] => MA
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    [team] => Array
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[terms] => Array
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[uffi] => Array
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EXIT

Closed

51 Fellsway East, Malden MA 02148

$1,425,000

Annual Expenses for 51 Fellsway East, Malden MA 02148

Annual Income & Unit Breakdown for 51 Fellsway East, Malden MA 02148

General Information for 51 Fellsway East, Malden MA 02148

Disclosures for 51 Fellsway East, Malden MA 02148

Financial Information for 51 Fellsway East, Malden MA 02148

Location Information for 51 Fellsway East, Malden MA 02148

Contact Information for 51 Fellsway East, Malden MA 02148

Agent

Office

Payment Calculator

Exclusive Listing Agent

Greater Metropolitan R. E.

William W. Brennan