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 o...
This home has been viewed 22 times
Last Checked: May 7th, 2024 at 3:06am (Source: MLS PIN #73040127)
Gross Income: $115,200
Gross Expenses: $15,134
Net Income Calc: $100,066
CAP Rate: 7.42%
Annual Expenses for 203 Summer St, Malden MA 02148
Total Gross Expenses (Calculated)$15,134/year
APOD AvailableYes
Heating
Electricity
Water$2,400
Gas$2,400
Insurance
Sewer$2,400
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$12,734
Annual Income & Unit Breakdown for 203 Summer St, Malden MA 02148
Total Gross Income (Calculated)$115,200
Unit 1
Rental Income$3,000
LeaseY
Bedrooms6
Bathrooms6 Full, 1 Half
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$4,100
LeaseY
Bedrooms4
Bathrooms4 Full
Floor2
Levels in Unit2
HeatingYes
Rent Includes
General Information for 203 Summer St, Malden MA 02148
Listing ID73040127
Property TypeMulti Family
Price$1,349,000 ($285.38/SqFt)
StyleMulti Family
CityMalden
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total4,727 SqFt
Approximate Lot Size (Acres)0.23 acres
Total Parking10
Garage Parking
Year Built1900
Year Built SourceOwner
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsStone
Lot FeaturesWooded
Foundation Area9999
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningResA
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 203 Summer St, Malden MA 02148
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated
Total Gross Expenses By Broker$2,400
Total Gross Income By Broker$105,600
Total Net Income By Broker$103,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 203 Summer St, Malden MA 02148
Real Estate Taxes$12,734
Tax Year2022
Assessed Value$1,031,100
Financial Data SourceEstimated
Total Gross Expenses By Broker$2,400
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$105,600
BostonRealEstate.com Gross Income
Total Net Income By Broker$103,200
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.42%
Location Information for 203 Summer St, Malden MA 02148
Elementary SchoolSalem Woods
Middle SchoolSalem Woods
High SchoolMalden High
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Public School, Shopping, Park, Medical Facility, Public Transportation, T-station
Contact Information for 203 Summer St, Malden MA 02148