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Closed

248 Pearl Street, Malden MA 02148

$1,395,000

Estimated $3,334.99/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $348,750

Total Rent: 30000/year

Estimated CAP Rate: 1.23%

10 Bedrooms

5 Full Baths

6,551 SqFt

Total Parking: 6

7,750 SqFt

This exceptional investor opportunity is truly a rare find! A 3 unit multi-family plus a free standing single family home on the same lot! Great for owner occupant/investment.These homes have been in the same family for over 70 years & the multi-family has provided excellent rental income with great rental history. Multi-family consists of 1, 2 & 3 bedroom units (1 bed could easily be converted to 2 bed). Single family has 10 rooms, 4 beds & 2 full baths. Located in the highly desirable Edgeworth neighborhood within close proximity to Malden Center train station, Assembly Row, Encore Boston, shopping, restaurants and easy access to Route 93 and Boston. The paved driveway provides lots of off street parking with the opportunity to add even more if needed. 3rd floor unit is TAW $2500. All other units will be delivered vacant. These homes have been very well maintained and ready for occupancy. Showings are by appointment only & offers will be reviewed on Tuesday May 9th at 12PM.

This home has been viewed 25 times

Last Checked: May 7th, 2024 at 8:01am (Source: MLS PIN #73107187)

Gross Income: $30,000

Gross Expenses: $12,876

Net Income Calc: $17,124

CAP Rate: 1.23%

Annual Expenses for 248 Pearl Street, Malden MA 02148

Total Gross Expenses (Calculated)$12,876/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$12,876

Annual Income & Unit Breakdown for 248 Pearl Street, Malden MA 02148

Total Gross Income (Calculated)$30,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$2,500

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full

Floor

Levels in Unit2

HeatingYes

Rent Includes

General Information for 248 Pearl Street, Malden MA 02148

Listing ID73107187

Property TypeMulti Family / 4 Family

Price$1,395,000 ($212.94/SqFt)

Style4 Family

CityMalden

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total6,551 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking6

Garage Parking

Year Built1924

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter,Block,Stone

Accessible Features

Outdoor Space

ZoningResA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 248 Pearl Street, Malden MA 02148

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area DisclosureMulti-family 3540 sf, Single family 3011 sf (701 b

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$33,600

Total Net Income By Broker$33,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 248 Pearl Street, Malden MA 02148

Real Estate Taxes$12,876

Tax Year2023

Assessed Value$1,056,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$33,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$33,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.23%

Location Information for 248 Pearl Street, Malden MA 02148

Elementary SchoolBeebe

Middle SchoolBeebe

High SchoolMalden

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Shopping, Park, Public Transportation, T-station

Contact Information for 248 Pearl Street, Malden MA 02148

Agent

Name: Brian & Diana Segool

Office

Name: Gibson Sotheby's International Realty

Phone: 781-648-3500

Payment Calculator

, Interest

Property Taxes 1073

Principal & Interest 8595.55

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gibson Sotheby's International Realty

Brian & Diana Segool

Agent Phone

Office Phone

(781) 648-3500

Text Agent Call Agent Call Office

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EXIT

Closed

248 Pearl Street, Malden MA 02148

$1,395,000

Annual Expenses for 248 Pearl Street, Malden MA 02148

Annual Income & Unit Breakdown for 248 Pearl Street, Malden MA 02148

General Information for 248 Pearl Street, Malden MA 02148

Disclosures for 248 Pearl Street, Malden MA 02148

Financial Information for 248 Pearl Street, Malden MA 02148

Location Information for 248 Pearl Street, Malden MA 02148

Contact Information for 248 Pearl Street, Malden MA 02148

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Gibson Sotheby's International Realty

Brian & Diana Segool