Cell: 617-840-5499 
John Veneziano, Broker Owner
12 High Street
Medford, MA 02155

Cell: 617-840-5499 

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90-96 Main, Malden, MA 02148

Multi-Family

$1,500,000
Price

7
Units
4,302
Approx. GLA
Great opportunity for the savvy investor with this 7-unit mixed-use residential/commercial property consisting of 4 residential units and 3 commercial store fronts on busy intersection/well-traveled main street in Malden. Residential units are one-bedroom studio apartments with hardwood floors and ceramic tile baths. Commercial store fronts consist of a long-term hair salon, laundry mat business that transfers with the sale of the property to the new owner generating approximately $75k in gross sales with all newer equipment also to transfer with sale. Third commercial store needs complete rehab and could suit various different offices/agencies/businesses. This property is in close proximity to the Malden Center train station, public transportation, shopping and great restaurants such as the 110 Grill and Evviva Trattoria and other fine establishments. With a little TLC you could maximize the financials of this revenue-generating property!
Open House
No scheduled Open Houses
Highlights
List Price: $1,500,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Contingent
Beds: 4
Baths: 4
Half Baths: 3
Units: 7
Year Built: 1910
Approx. GLA: 4,302
MLS#: 72933878
 
Interior
Basement: Yes
Heating Units: 7
Rooms: 8
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.10
Lot Size: 4,236.00
Lot Description: Corner, Paved Drive, Easements, Shared Drive
Foundation: Irregular
Parking Spaces: 4
Parking Features: Off-Street, Paved Driveway
Road Type: Public
Color: White
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Vinyl
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $901,200
Taxes: $17,249
Tax Year: 2021
Book/Page: 70217/75
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $65,400
Total Rent: $8,450
Net Income: $65,400
 
 
Additional
Amenities: Public Transportation, Shopping, Park, Laundromat, House of Worship, Public School, T-Station
Exclusions: Tenant Belongings
Disclosure Declaration: No
Disclosure: Mixed use residential/commercial building with 4 residential and 3 commercial units. 2 residential currently vacant previously rented at $1400 & $1500. 3 commercial spaces: 2 rented at $1500 per month TAW, 1 vacant commercial space needing rehab. previously rented for $700 monthly. Electric heat
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 2 1 0 2 1 0 No 1 $1,500
Unit 2 2 1 0 2 1 0 Yes 1 $1,450
Unit 3 2 1 0 3 1 0 No 1 $1,100
Unit 4 2 1 0 3 1 0 No 1 $1,400
The listing office is Morello Real Estate and the listing agent is Jose Ferreira. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. MLS Property Information Network, Inc. and it's 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. The data was last modified on 1/22/2022 5:35:00 AM.
 
John Veneziano, Broker Owner
John Veneziano, Broker Owner
Broker/REALTOR®
RE/MAX Andrew Realty Services


RE/MAX Andrew Realty Services   John Veneziano, Broker Owner, Broker/REALTOR®
RE/MAX Andrew Realty Services
12 High Street • Medford, MA 02155 Map it
Cell: 617-840-5499 
johneveneziano@gmail.com

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