facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

71 Porter Street

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

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

71 Porter Street

$1,150,000

$331/SF

Building Size

3,472 SF

Asset Type

MultiFamily

Closing

Jun 12, 2024

AI

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

Redfin

Broker

$3.8M

vol

2 deals

Broker

Malden MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93