Rajit Shrestha Of 360 Realty Facilitates $1.075M Multifamily Sale In Malden, MA
25 Acorn Street
$1,075,000
$388/SF
Building Size
2,764 SF
Asset Type
MultiFamily
Closing
May 20, 2024
AI
25 Acorn Street in Malden, MA, is a well-maintained two-family home sold for $1.075 million. The property features recent updates such as new windows, kitchen renovations, and hardwood floors. It consists of 2 units with a total square footage of 2,764 and a price per unit of $537,500. The price per square foot stands at $389.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Address: 25 Acorn Street
- Market: Malden, MA
- Broker: Rajit Shrestha - 360 Realty
The deal was facilitated by Rajit Shrestha from 360 Realty. This transaction presents a lucrative opportunity for either an owner-occupant or an investor looking to capitalize on a property with recent upgrades and a desirable location in Malden, MA.
Players
Malden MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93