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19 - 21 Barstow Street, Malden, MA

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19 - 21 Barstow Street

Malden, MA 02148-6801 - Bellrock MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:1900
Stories:4 Building Size:4,376 SF Land Area:.1 AC (4,356 SF)
For Sale Price:$900,000 Price/Unit:$225,000.00 Cap Rate:8.00 % GRM:-

Parking:1.37 Parking Spaces / 1,000 SF

Sale Notes:
** Attention investors ** This property has a solid rental income of up to $7,000 a month, and a cap rate of 8% ** Excellent ROI ** This huge 2 family being used as is 4-5 building unit. Owner has been paying taxes as 4 unit building for almost 10 years (see document from tax assessment office attached here). It has 4185 living sf on 0.1 AC land, featuring 16 rooms, 8 bedrooms, 5 bathrooms with up to six parking spaces - off street. One washer and dryer for all units. NEW roof installed 2015, separated utility (2 Family, 2 zones) and relatively new electrical wire, plumbing, and heating system. Well maintained, well located in Malden 5 to 10 minutes away from major shops, CVS, Walgreens, Stop and Shop, 88 Market and Malden Center Station. The Property is occupied (tenant at will) showing only during set open houses dates. ** Mortgage will be around $4,305.46/mo with 20% down @ 4.25% (not including property taxes) **** If you would like to see rental income and cost/fix variable costs, please email ***GREAT rental income AS IS; this property can't be converted to a 3 or 4 family*** Gross Annual Net= Gross Annual Income (-) Annual Fix Costs. $40k Net
Direction: Main Street to Ellis Street to Barstow Street OR Main Street to Meridian Street to Barstow Street.
Located in Malden 5 to 10 minutes away from major shops, CVS, Walgreens, Stop and Shop, 88 Market and Malden Center Station.

Central Real Estate
Frederica Tassis
(781) 577-6640

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