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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 6.13% last updated on 2023-01-26

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148203 Summer Street Malden MA 02148
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  • 10Bedrooms
  • 7Bathrooms
  • 4,727Square Feet
  • 0.23Acreage
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 ΒΌ acre lot and consists of over 4,700 sqft living space. Features 10 large bedrooms, 6.5 baths, oversized windows allowing extra natural light, high ceilings, a roof deck, and space for over 10+ car parking. Well maintained with a newer fire alarm system as well as a newly renovated kitchen for Unit 2. Split into 2 units, with 6 beds for Unit 1 (1st and 3rd floor), and 4 beds for Unit 2, this arrangement is perfect for dividing Unit 1 into 2 units and/or establishing as a condo, resulting in a 3rd unit with 3 beds, 1 full bath. Both units are currently occupied by tenants, with the 3rd floor vacant. Current rent: Unit 2 - $4,100, Unit 1 - $5,500 ($3000 for fl and 2500 for 3rd fl)
Listed by Rose Hall of Blue Ocean Realty,LLC

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Boston Lofts

Your Local Office

Boston Lofts
745 Boylston Street
Boston MA, 02116

Office: 617-375-7900

More Info

Basic Information

  • Gross Income $105,600
  • Lot Features Wooded
  • Mls StatusActive
  • Parcel Number M:012 B:051 L:102,591473

Basic Information

  • List Price$1,349,000
  • MLS Number73040127
  • Modification Date10/04/2022
  • Property SubTypeMulti Family

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • Construction Materials Stone
  • FoundationStone
  • Foundation Area 9999
  • Garage Spaces
  • Patio And Porch Features Porch, Covered
  • Rooms18
  • Stories3
  • Utilities For Gas Range
  • Window Features Insulated Windows
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Owner

Tax Information

  • Tax Assessed Value $1,031,100
  • Tax Year 2022
  • Taxes$12,734

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces10

Location

  • Address203 Summer Street
  • Building Number203
  • CountyMiddlesex
  • StateMA
  • StreetSummer Street
  • TownMalden
  • Zip02148

Exterior

  • RoofSlate

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Electric 110 Volts
  • Heat SystemYes
  • Heating Forced Air
  • Sewer Public Sewer
  • Water Source Public

Other

  • Buyer Agency Compensation2.5
  • Date Listed09/22/2022
  • Farm Land Area Units Square Feet
  • View Count3

School Information

  • Elementary SchoolSalem Woods
  • High SchoolMalden
  • High School Malden High
  • Junior HighSalem Woods

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 6.5
  • Bedrooms10
  • Full Bath6
  • Half Baths1

Property

  • Acreage0.23

Interior

  • Flooring Wood, Tile, Tile Floor, Hardwood Floors, Wood Flooring
  • Interior Features Storage, Upgraded Cabinets, Upgraded Countertops, Living Room, Kitchen

Property Information

  • Building Area Source Public Records
  • Living Area 4,727
  • Lot Size Square Feet 10,006
  • Lot Size Units Acres
  • Square Feet4,727

Amenities

  • Amenities
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Walk/Jog Trails
  • Appliances IncludedRange, Microwave, Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Range Hood, Unit 2(Refrigerator), Gas Water Heater, Utility Connections for Gas Range
  • Other AmenitiesBasement

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