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Keivan Mizrahi & David Ladner Close $1.1M Multifamily Sale In Malden, MA

Property Image
SOLD
$1,101,000
David Ladner
Keivan Mizrahi

Massachusetts

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MultiFamily
Sold 06/21/2024
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Property Image
SOLD

Keivan Mizrahi & David Ladner Close $1.1M Multifamily Sale In Malden, MA

9-11 Swains Pond Avenue

See Similar Deals
MultiFamily
Sold 06/21/2024
David Ladner
Keivan Mizrahi
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

9-11 Swains Pond Ave, Malden, MA 02148, sold for $1,101,000. This turn-key side-by-side 2-family home on the Malden/Melrose line offers spacious living across both units, each featuring modern amenities like central A/C, updated kitchens, and ample parking.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,101,000
  • Units: 2
  • Price Per Unit: $550,500
  • Address: 9-11 Swains Pond Avenue
  • Market: Malden, MA

Keivan Mizrahi from Keller Williamsrepresented the buyer in the transaction, while David Ladner from Re/Max represented the seller.

Players

David Ladner
Re/Max
David Ladner
4 deals$4.7M volume
BROKER
Keivan Mizrahi
Keller Williams Realty
Keivan Mizrahi
1 deal$1.1M volume(508) 799-9999
BROKER

Details

SOLD
IMAGE: Keivan Mizrahi & David Ladner DATE: 06/21/2024 ADDRESS: 9-11 Swains Pond Avenue MARKET: Malden, MA ASSET TYPE: Multifamily BUYER'S REP: Keivan Mizrahi (@KeivanMizrahi) - Keller Williams (@KellerWilliamsRealty) SELLER'S REP: David Ladner - Re/Max (@Remax) SALE PRICE: $1,101,000 UNITS: 2 ~ PPU: $550,500 NOTE: 9-11 Swains Pond Ave, Malden, MA 02148, sold for $1,101,000. This turn-key side-by-side 2-family home on the Malden/Melrose line offers spacious living across both units, each featuring modern amenities like central A/C, updated kitchens, and ample parking.

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

$58,720.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,911.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,219.30
Annual Debt Service$62,631.62