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Closed

47 Cedar Street, Malden MA 02148

$879,000

Estimated $2,075.46/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $439,500

Total Rent: 61800/year

Estimated CAP Rate: 6.14%

4 Bedrooms

3 Full Baths

1,869 SqFt

Total Parking: 4

3,541 SqFt

Incredible commuting location - one block from Orange Line T station and just steps to highly-desirable Malden center! BOM due to buyer financing. Perfect income potential for investors and owner occupants alike. Enter into the large living space gleaming hardwood floors, high ceilings and ample closet space. Property has plenty of off street parking and fenced in yard. Updates include freshly painted interior 2023, new roof in 2020, two (2) newer gas hot water tanks and 1 new heating system in 2023. Unit 1 boasts 1+ bed / 1 bath, updated custom kitchen, hardwood floors & period details throughout w/ sliders to the rear deck & yard. Unit 1 also enjoys easy accessibility to the lower level w/ semi-finished basement space & bath in lower level. Unit 2 features 3 beds / 1 bath encompassing the 2nd & 3rd level and has generous kitchen with its own rear deck space. Top level features the 3rd bedroom as well as adjacent unfinished attic space.

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 9:11am (Source: MLS PIN #73109128)

Gross Income: $61,800

Gross Expenses: $7,802

Net Income Calc: $53,998

CAP Rate: 6.14%

Beach Front

Annual Expenses for 47 Cedar Street, Malden MA 02148

Total Gross Expenses (Calculated)$7,802/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,802

Annual Income & Unit Breakdown for 47 Cedar Street, Malden MA 02148

Total Gross Income (Calculated)$61,800

Unit 1

Rental Income$1,950

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 2

Rental Income$3,200

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water)

General Information for 47 Cedar Street, Malden MA 02148

Listing ID73109128

Property TypeMulti Family / 2 Family

Price$879,000 ($470.3/SqFt)

Style2 Family - 2 Units Up/down

CityMalden

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,869 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking4

Garage Parking

Year Built1860

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRes A

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 47 Cedar Street, 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$54,000

Total Net Income By Broker$54,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 47 Cedar Street, Malden MA 02148

Real Estate Taxes$7,802

Tax Year2023

Assessed Value$640,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$54,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$54,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.14%

Location Information for 47 Cedar Street, Malden MA 02148

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 47 Cedar Street, Malden MA 02148

Agent

Name: Kym Sullivan

Office

Name: Century 21 North East

Phone: 781-395-2121

Team Members

Payment Calculator

, Interest

Property Taxes 650.17

Principal & Interest 5416.12

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Kym Sullivan

Agent Phone

Office Phone

(781) 395-2121

Text Agent Call Agent Call Office

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                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73109128&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-07 09:11:07
                    [modified] => 2024-05-07 09:11:07
                )

[20] => Array
                (
                    [id] => 7766068
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73109128&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 09:11:07
                    [modified] => 2024-05-07 09:11:07
                )

[21] => Array
                (
                    [id] => 7766069
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73109128&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 09:11:07
                    [modified] => 2024-05-07 09:11:07
                )

[22] => Array
                (
                    [id] => 7766070
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73109128&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 09:11:07
                    [modified] => 2024-05-07 09:11:07
                )

[23] => Array
                (
                    [id] => 7766071
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73109128&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 09:11:07
                    [modified] => 2024-05-07 09:11:07
                )

)

)

EXIT