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
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93