2 Granite Street
2 Granite Street
$1,587,500
7
7
4,208
4,208
$377
Sold 7/14/23
Description
2 Granite Street offers the opportunity to acquire a well-maintained, fully leased investment Property in an incredible, high-density, urban-infill location at a 6.54% cap rate on current income with below market rents. 2 Granite consists of a desirable, three-story building containing a total of seven residential units. Capital improvements include a brand-new electrical service to the entire building, newer roof and vinyl siding as well as lead paint compliance certificates for all units. Additionally,...2 Granite Street offers the opportunity to acquire a well-maintained, fully leased investment Property in an incredible, high-density, urban-infill location at a 6.54% cap rate on current income with below market rents. 2 Granite consists of a desirable, three-story building containing a total of seven residential units. Capital improvements include a brand-new electrical service to the entire building, newer roof and vinyl siding as well as lead paint compliance certificates for all units. Additionally, five of the seven units and the common areas have been renovated; however, the incoming owner can add value through programmatic upgrades to the two unrenovated units, allowing the Property to achieve market rents and increased revenues. The location is 1.2-miles from Downtown Malden and Downtown Malden’s area shopping. Additionally, the Oak Grove Transit Station and Malden Center Transit Station with service on the Orange Line as well as the MBTA Commuter Rail are 1.6 miles away.
- Listed by John Pentore • Horvath & Tremblay
- Listed by Dennis Kelleher • Horvath & Tremblay
Property Details for 2 Granite Street
Town
Malden
AreaMA-Malden
Garage Spaces0
Parking Spaces.00
Location
LISTING UPDATED: 07/17/2023 10:32 AM
Property Details for 2 Granite Street
Status | Sold |
---|---|
MLS # | 73076169 |
Days on Market | 53 |
Taxes | $10,827 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5-9 Family |
Year Built | 1911 |
County | Middlesex County |
Location
Building Information for 2 Granite Street
Stories3Residences7Year Built1911Building Size-Lot Size0.07 AC / 3,136 SF
Payment Calculator
$9,566 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2 Granite Street
Property History for 2 Granite Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2 Granite Street
Taxable ValueLand$265,900Additions$688,500Total$954,400
Tax Record2024$11,157 ($930 / month)
Home Facts
Baths10.5Total Finished SqFt4,208 SqFtAbove Grade Finished SqFt4,208 SqFtUnfinished Basement SqFt140 SqFtStories3Lot Size3,136 SqFtStyleMulti-Family Res (5+ Units)Year Built1911ZoningRESACountyMIDDLESEXAPNMALD M:141 B:665 L:501
Schools near 2 Granite Street
This home is within Malden School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Salemwood School PublicK to 8 | ||
Malden High School Public9 to 12 | ||
Forestdale School PublicK to 8 | ||
Linden School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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