Two Granite StreetMalden, MA 02148MLS Number 73076169

  • Sale Price: $1,587,500
  • 323 Days Since Sale
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Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
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Two Granite Street Malden MA 02148Two Granite Street Malden MA 02148Two Granite Street Malden MA 02148Two Granite Street Malden MA 02148Two Granite Street Malden MA 02148Two Granite Street Malden MA 02148Two Granite Street Malden MA 02148Two Granite Street Malden MA 02148Two Granite Street Malden MA 02148Two Granite Street Malden MA 02148
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  • 7Bedrooms
  • 7Bathrooms
2 Granite Street offers the opportunity to acquire a well-maintained, fully leased investment Property in an incredible, high-density, urban-infill location at a 6.54% cap rate on current income with below market rents. 2 Granite consists of a desirable, three-story building containing a total of seven residential units. Capital improvements include a brand-new electrical service to the entire building, newer roof and vinyl siding as well as lead paint compliance certificates for all units. Additionally, five of the seven units and the common areas have been renovated; however, the incoming owner can add value through programmatic upgrades to the two unrenovated units, allowing the Property to achieve market rents and increased revenues. The location is 1.2-miles from Downtown Malden and Downtown Malden’s area shopping. Additionally, the Oak Grove Transit Station and Malden Center Transit Station with service on the Orange Line as well as the MBTA Commuter Rail are 1.6 miles away.
Listed by John Pentore and Dennis Kelleher of Horvath & Tremblay

Listing Sold by RE/MAX Renaissance Inc

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
127 Franklin Street
Reading, MA 01867

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More Info

Basic Information

  • Gross Income $143,400
  • Lot Features Corner Lot
  • Mls StatusSold
  • Parcel Number 600193

Location

  • AddressTwo Granite Street
  • Building NumberTwo
  • CountyMiddlesex
  • StateMA
  • StreetGranite Street
  • TownMalden
  • Zip02148

Property

  • Acreage0.07

Utilities

  • Electric Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Other

  • Buyer Agency Compensation2%
  • Date Listed02/03/2023
  • Farm Land Area Units Square Feet
  • View Count21

Tax Information

  • Tax Assessed Value $888,200
  • Tax Year 2023
  • Taxes$10,827

Basic Information

  • List Price$1,650,000
  • MLS Number73076169
  • Modification Date07/17/2023
  • Property SubType5-9 Family
  • Purchase Contract Date05/31/2023
  • Sale Date05/31/2023
  • Sale Price$1,587,500

Exterior

  • RoofShingle

Property Information

  • Building Area Source Public Records
  • Living Area 4,208
  • Lot Size Square Feet 3,136
  • Lot Size Units Acres
  • Square Feet4,208

Parking

  • Parking Spaces

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 7
  • Bedrooms7
  • Full Bath7

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • FoundationStone, Brick/Mortar
  • Garage Spaces
  • Rooms14
  • Stories3
  • Units7
  • Year Built1911
  • Year Built Details Approximate
  • Year Built Source Public Records

Amenities

  • Amenities
    • Highway Access
    • Other
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
  • Appliances IncludedWasher, Dryer, Gas Water Heater
  • Other AmenitiesBasement

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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