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Juan David Jaramillo & Tracy Mei Facilitate $1.135M Multifamily Sale In Malden

Property Image
SOLD
$1,135,000
Tracy Mei
Juan David Jaramillo

Massachusetts

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MultiFamily3,579 SF
Sold 06/07/2024
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Property Image
SOLD

Juan David Jaramillo & Tracy Mei Facilitate $1.135M Multifamily Sale In Malden

44 Grace Street

See Similar Deals
MultiFamily3,579 SF
Sold 06/07/2024
Tracy Mei
Juan David Jaramillo
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$317
Total Square Footage:3,579 SF
Transaction Type:Sale

Located at 44 Grace Street in Malden, MA, this multifamily property was sold for $1,135,000. The two-family layout and finished basement make it an attractive investment opportunity. With 3,579 square feet of space, this property offers versatility for both investors and owner-occupants.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,135,000
  • Units: 2
  • Price per Unit: $567,500
  • Square Footage: 3,579
  • Price per Square Foot: $317
  • Address: 44 Grace Street, Malden, MA
  • Market: Malden, MA
  • Buyer's Rep: Juan David Jaramillo - Century 21 Mario Real Estate
  • Seller's Rep: Tracy Mei - Denkar Realty Group

Juan David Jaramillo representing Century 21 Mario Real Estate facilitated the purchase, while Tracy Mei from Denkar Realty Group represented the seller in this transaction.

Players

Tracy Mei
Tracy Mei
2 deals$2.3M volume
BROKER
Juan David Jaramillo
Century 21
Juan David Jaramillo
1 deal$1.1M volume(857) 991-6387
BROKER

Details

SOLD
IMAGE: Juan David Jaramillo & Tracy Mei DATE: 06/07/2024 ADDRESS: 44 Grace Street MARKET: Malden, MA ASSET TYPE: Multifamily BUYER'S REP: Juan David Jaramillo - Century 21 Mario Real Estate (@EBC21Mario) SELLER'S REP: Tracy Mei - Denkar Realty Group SALE PRICE: $1,135,000 UNITS: 2 ~ PPU: $567,500 SF: 3,579 ~ PPSF: $317 NOTE: 44 Grace St in Malden, MA, sold for $1,135,000, offering a prime investment opportunity with its spacious two-family layout and finished basement, ideal for both investors and owner-occupants.

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

$60,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,032.42
Cash-on-Cash Return-1.27%
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