250 Cross Street

Malden, MA 02148

$710,000
Last Sold Price
6
Beds
3
Baths
2,852 Sq. Ft.
$249 / Sq. Ft.
2,852
Sq. Ft.
$249
per Sq. Ft.

Description

Prime investment opportunity in this 2 Family in Malden that is currently yielding over 7% CAP RATE. Each unit has 3 spacious bedrooms and 1 bathrooms, as well as 4 parking spaces and a large private backyard. Unit 1 is rented at $2,200/month and unit 2 at $1,975. This 2 Family also includes an in-law suite with separate entrance & coin laundry for tenants. Fantastic location that is close to the Malden Center Orange Line T stop, and offers easy access to the highway. Plenty of upside potential to...Prime investment opportunity in this 2 Family in Malden that is currently yielding over 7% CAP RATE. Each unit has 3 spacious bedrooms and 1 bathrooms, as well as 4 parking spaces and a large private backyard. Unit 1 is rented at $2,200/month and unit 2 at $1,975. This 2 Family also includes an in-law suite with separate entrance & coin laundry for tenants. Fantastic location that is close to the Malden Center Orange Line T stop, and offers easy access to the highway. Plenty of upside potential to this investment property!
  1. Listed by The David Green Group • Coldwell Banker Realty - Back Bay
  2. Listed by Ryan Drowne • Coldwell Banker Realty - Back Bay
  3. Listed by David Green • Coldwell Banker Realty - Back Bay

Property Details for 250 Cross Street

Town
Malden
MLS Area
Faulkner
Area
MA-Malden-Faulkner, MA-Malden
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of Coldwell Banker Realty - Back Bay, The David Green Group; Coldwell Banker Realty - Back Bay, Ryan Drowne; Coldwell Banker Realty - Back Bay, David Green

Sold By Compass, Team Coyle

Add your commute
LISTING UPDATED: 08/06/2022 07:25 AM

Property Details for 250 Cross Street

StatusSold
MLS #72668070
Days on Market18
Taxes$8,912 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Coldwell Banker Realty - Back Bay, The David Green Group; Coldwell Banker Realty - Back Bay, Ryan Drowne; Coldwell Banker Realty - Back Bay, David Green

Sold By Compass, Team Coyle

Add your commute

Building Information for 250 Cross Street

Stories3Residences2Year Built1900Building Size-Lot Size0.13 AC / 5,532 SF

Payment Calculator

$4,617 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,875

Property Taxes

$743

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 250 Cross Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Other
  • Living Area: 2852.0
  • SqFt with Basement: Yes
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Partially Finished
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • Interior Features: Living Room, Dining Room, Kitchen
Exterior Features
  • Lot Description: Level
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Driveway
  • Parking Features: Paved Driveway
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 596665
  • Assessments: $9,999,999
  • Book: 0
  • Tax Year: 2020
  • Zoning: res
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Block
Income / Expenses
  • GOI: $66,900.00
  • GRE: $14,888
  • NOI: $52,012.00
  • Operating Expense: $14,888.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,575.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 0

Property History for 250 Cross Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 250 Cross Street

Taxable ValueLand$286,800Additions$516,200Total$803,000
Tax Record2024$9,387 ($782 / month)
Home Facts
Baths4.5Total Finished SqFt2,336 SqFtAbove Grade Finished SqFt2,336 SqFtUnfinished Basement SqFt1,188 SqFtStories2Lot Size5,532 SqFtStyleDuplexYear Built1900ZoningRESACountyMIDDLESEXAPNMALD M:084 B:405 L:532

Schools near 250 Cross 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
Ferryway School
PublicK to 8

Malden High School
Public9 to 12

Salemwood School
PublicK to 8

Beebe 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty - Back Bay, The David Green Group; Coldwell Banker Realty - Back Bay, Ryan Drowne; Coldwell Banker Realty - Back Bay, David Green

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.