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Stacey Bryant & Evan Russell Close $1.15M Multifamily Sale In Malden, MA

Property Image
SOLD
$1,150,000

Massachusetts

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MultiFamily3,472 SF
Sold 06/12/2024
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Property Image
SOLD

Stacey Bryant & Evan Russell Close $1.15M Multifamily Sale In Malden, MA

71 Porter Street

See Similar Deals
MultiFamily3,472 SF
Sold 06/12/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$331
Total Square Footage:3,472 SF
Transaction Type:Sale

A two-family home located at 71 Porter Street in Malden, MA, was recently sold for $1,150,000. The property consists of 6 bedrooms, 2 baths, and offers a total of 3,472 sq ft of living space. It features separate utilities, hardwood floors, a semi-finished attic, a large fenced backyard, and is conveniently situated near public transit and major highways.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 2
  • Price per Unit: $575,000
  • Square Footage: 3,472
  • Price per Square Foot: $331
  • Address: 71 Porter Street, Malden, MA
  • Market: Malden, MA

Stacey Bryant from Redfin represented the buyer, while Evan Russell from Century 21 North East Homes represented the seller in this transaction.

Players

Stacey Bryant
2 deals$3.8M volume(617) 904-9918
BROKER

Evan Russell
Century 21
1 deal$1.2M volume(781) 439-2778
BROKER

Details

SOLD
IMAGE: Stacey Bryant & Evan Russell DATE: 06/12/2024 ADDRESS: 71 Porter Street MARKET: Malden, MA ASSET TYPE: Multifamily BUYER'S REP: Stacey Bryant - Redfin (@RedfinRealEstate) SELLER'S REP: Evan Russell (@WorkWithEvan) - Century 21 North East Homes SALE PRICE: $1,150,000 UNITS: 2 ~ PPU: $575,000 SF: 3,472 ~ PPSF: $331 NOTE: A two-family home in Malden’s Forestdale area sold for $1,150,000, offering 6 bedrooms, 2 baths, and 3,472 sq ft of living space. The property features separate utilities, hardwood floors, a semi-finished attic, a large fenced backyard, and proximity to public transit and major highways.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,085.72
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