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Closed

413-415 Salem St, Malden MA 02148

$696,574

Estimated $1,676.32/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $348,287

Total Rent: 26400/year

Estimated CAP Rate: 2.85%

5 Bedrooms

2 Full, 2 Half Baths

2,139 SqFt

Total Parking: 1

2,548 SqFt

ATTENTION!!! tremendous opportunity for owner-occupants/ investors, large Philadelphia-style two-family home great for growing family. In need of some interior cosmetics and updating. it is desirably located on the bus line and a short distance to the train station, major highways, schools, and shopping. first-floor unit taw $2200 second-floor unit owner occupied. there are 4 rooms on the third floor which can be used for additional living space for both units. Close proximity to Boston makes renting to professionals and college students ideal. basement offers a bonus room, and ¾ bathroom plenty of storage, and a washer and dryer hookup with a walk-out to the fenced-in yard with a deck and off-street parking for one car. roof, vinyl siding and windows, and 2 separate older heating systems by oil. don't like oil heat convert to gas (there are 2 separate gas meters currently being used for cooking and hot water).All offers are due on Monday 2/13th at 5:00 pm

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 2:56am (Source: MLS PIN #73076944)

Gross Income: $26,400

Gross Expenses: $6,562

Net Income Calc: $19,838

CAP Rate: 2.85%

Annual Expenses for 413-415 Salem St, Malden MA 02148

Total Gross Expenses (Calculated)$6,562/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,562

Annual Income & Unit Breakdown for 413-415 Salem St, Malden MA 02148

Total Gross Income (Calculated)$26,400

Unit 1

Rental Income$2,200

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 413-415 Salem St, Malden MA 02148

Listing ID73076944

Property TypeMulti Family

Price$696,574 ($325.65/SqFt)

StyleMulti Family

CityMalden

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,139 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking1

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,Unknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningResA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 413-415 Salem 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$26,400

Total Net Income By Broker$26,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation1%%

Sub-Agent Compensation1%

Compensation Based OnNet Sale Price

Financial Information for 413-415 Salem St, Malden MA 02148

Real Estate Taxes$6,562

Tax Year2022

Assessed Value$531,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$26,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$26,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.85%

Location Information for 413-415 Salem St, Malden MA 02148

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 413-415 Salem St, Malden MA 02148

Agent

Name: Esteban Higuita

Office

Name: Broad Sound Real Estate, LLC

Phone: 978-423-7782

Payment Calculator

, Interest

Property Taxes 546.83

Principal & Interest 4292.07

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Broad Sound Real Estate, LLC

Esteban Higuita

Agent Phone

Office Phone

(978) 423-7782

Text Agent Call Agent Call Office

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                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 02:56:30
                    [modified] => 2024-05-07 02:56:30
                )

[21] => Array
                (
                    [id] => 7059211
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076944&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 02:56:30
                    [modified] => 2024-05-07 02:56:30
                )

[22] => Array
                (
                    [id] => 7059212
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076944&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 02:56:30
                    [modified] => 2024-05-07 02:56:30
                )

[23] => Array
                (
                    [id] => 7059213
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076944&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 02:56:30
                    [modified] => 2024-05-07 02:56:30
                )

[24] => Array
                (
                    [id] => 7059214
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076944&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-05-07 02:56:30
                    [modified] => 2024-05-07 02:56:30
                )

[25] => Array
                (
                    [id] => 7059215
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076944&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-05-07 02:56:30
                    [modified] => 2024-05-07 02:56:30
                )

[26] => Array
                (
                    [id] => 7059216
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076944&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 02:56:30
                    [modified] => 2024-05-07 02:56:30
                )

[27] => Array
                (
                    [id] => 7059217
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076944&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-05-07 02:56:30
                    [modified] => 2024-05-07 02:56:30
                )

)

)

EXIT