38 Clapp St - Apartments FOR SALE


Malden, MA 02148- Maplewood
$5,950,000 USD
617-457-3266
38 Clapp St, Malden, MA for Sale
$5,950,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

38 Clapp St
Malden, MA 02148
Maplewood


HIGHLIGHTS

  • Stabilized Cash Flow
  • Many recent improvements
  • Strong Rental Location

OVERVIEW

Hunneman is pleased to offer for sale an excellent investment opportunity in Malden, Massachusetts. This exclusive offering presents investors with the opportunity to acquire an attractive 18-unit brick apartment building consisting of twelve (12) two-bedroom units, five (5) one-bedroom units, and one (1) studio apartment. The building is fully occupied and generates positive cash flow with future upside potential. The asset has been well-maintained by a long-term private ownership group who have completed many recent improvements to both the building and apartments. 38 Clapp Street is available with an asking price of $5,950,000.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

18

PRICE/UNIT

$330,556

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18-unit Brick Garden-style Apartment Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

MALD-000172-000512-000224

ASK ABOUT THIS PROPERTY

Dan McGeeHunnemanMore Info
617-457-3266

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Dan McGeeHunnemanMore Info
617-457-3266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.