OPEN HOUSE THIS SAT 6/8 & SUN 6/9 FROM 11-12:30PM ! Rare investment find on a highly desired quiet street in Malden. This 3 family home is centrally located just minutes walking from broth Ferry St School and Malden Center, and is close to public transportation, amazing restaurants, parks and playgrounds. This building features 2 off-street tandem parking, and 60, 99, and other highways makes this an excellent commuting option. Turnkey rental with all 3 units currently rented, with current income at $6,075 per month, and the potential to market to $6,500 per month. Units 1 and 2 have both been recently upgraded and feature leased tenants, while Unit 3 has additional flexibility with a TAW.
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Last Updated: June 24th, 2024 at 4:37am
General Information for 18-20 Benner Ave, Malden, Massachusetts 02148
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,159,000
Price per sqft$452.56
MLS #73238776
Handicap Access / FeaturesNo
List Date2024-05-15
Special Listing Conditions
StateMassachusetts
Street NameBenner Ave
CityMalden
Zip Code02148
CountyMiddlesex
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total2561
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress18-20 Benner Ave, Malden MA 02148
Zoning
Interior Features for 18-20 Benner Ave, Malden, Massachusetts 02148
* Approx. Living Area Total2,561 sq ft
Living Area Includes BasementNo
Bedrooms5
* # Fireplaces0
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_31
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 18-20 Benner Ave, Malden, Massachusetts 02148
* Approximate Lot Size0.07 acres
Covered Parking Spaces0
Lot FeaturesLevel
* Parking Spaces2
* Sewer Utilities
* Water Utilities
* Year Built1900
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsStone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)2,927 Sqft
Disclosures for 18-20 Benner Ave, Malden, Massachusetts 02148
Buyer Agent Compensation2.5%
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 18-20 Benner Ave, Malden, Massachusetts 02148
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$72,900
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT12350
MLSPIN_RENT22125
MLSPIN_RENT31600
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$72,900
OperatingExpense$0
OriginalListPrice$1,190,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water)
TOTAL_RENT6075
WaterSewerExpense$0
Lifestyle Information for 18-20 Benner Ave, Malden, Massachusetts 02148
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 18-20 Benner Ave, Malden, Massachusetts 02148
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 18-20 Benner Ave, Malden, Massachusetts 02148
MLSPIN_MARKET_TIME_BROKER39
MLSPIN_MARKET_TIME_PROPERTY39
PurchaseContractDate
Agent Information for 18-20 Benner Ave, Malden, Massachusetts 02148