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 5.97% cap rate on current income with below market rents. 2 Granite consists of a desirable, three-story building...
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Last Checked: May 7th, 2024 at 12:01am (Source: MLS PIN #73076082)
Gross Income: $39,600
Gross Expenses: $10,827
Net Income Calc: $28,773
CAP Rate: 1.74%
Annual Expenses for 2 Granite St, Malden MA 02148
Total Gross Expenses (Calculated)$10,827/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$10,827.16
Annual Income & Unit Breakdown for 2 Granite St, Malden MA 02148
Total Gross Income (Calculated)$39,600
Unit 1
Rental Income$1,600
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$1,700
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 2 Granite St, Malden MA 02148
Listing ID73076082
Property TypeMulti Family / 5+ Family
Price$1,650,000 ($392.11/SqFt)
Style5-9 Family
CityMalden
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total4,208 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking0
Garage Parking
Year Built1911
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor Space
ZoningResA
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 2 Granite St, Malden MA 02148
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated, Owner
Total Gross Expenses By Broker$35,265
Total Gross Income By Broker$133,800
Total Net Income By Broker$98,535
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 2 Granite St, Malden MA 02148
Real Estate Taxes$10,827.16
Tax Year2023
Assessed Value$888,200
Financial Data SourceEstimated, Owner
Total Gross Expenses By Broker$35,265
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$133,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$98,535
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)1.74%
Location Information for 2 Granite St, Malden MA 02148
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Public School, Shopping, Park, Public Transportation, T-station, Other
Contact Information for 2 Granite St, Malden MA 02148