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Rajit Shrestha Of 360 Realty Facilitates $1.075M Multifamily Sale In Malden, MA

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SOLD
$1,075,000

Massachusetts

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MultiFamily2,764 SF
Sold 05/20/2024
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Property Image
SOLD

Rajit Shrestha Of 360 Realty Facilitates $1.075M Multifamily Sale In Malden, MA

25 Acorn Street

See Similar Deals
MultiFamily2,764 SF
Sold 05/20/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$388
Total Square Footage:2,764 SF
Transaction Type:Sale

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:

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

3 deals$3.1M volume
BROKER

Details

SOLD
IMAGE: Rajit Shrestha DATE: 05/20/2024 ADDRESS: 25 Acorn Street MARKET: Malden, MA ASSET TYPE: Multifamily BROKER: Rajit Shrestha - 360 Realty SALE PRICE: $1,075,000 UNITS: 2 ~ PPU: $537,500 SF: 2,764 ~ PPSF: $389 NOTE: Sold for $1.075 million, 25 Acorn Street in Malden, MA, is a well-maintained two-family home ideal for owner occupant or investment, boasting recent updates including new windows, kitchen renovations, and hardwood floors.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$57,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58