For Sale
$1,700,000
14-16 Ripley StMalden, MA 02148
Value-add multifamily investment opportunity.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 124
Highlights
- $1,700,000 asking price for a value-add, six-unit apartment building in Malden, MA.
- 5,500 total square feet, 3,300 net rentable square feet, with a price per square foot of $309.09.
- 5.90% current cap rate, 7.21% pro-forma cap rate, and a $100,262 current NOI, projecting to $122,649.
- 100% occupancy, with occupancy date of September 24, 2024.
- Six units (three one-bedrooms, one studio, two two-bedroom townhomes), one pad, and three parking spaces.
- Built in 1885, renovated in 2023, three stories, located on a 4,186 square foot lot.
Property Details for 14-16 Ripley St
- Property type
- Apartment buildings
- Square Feet
- 5,500 SF
- Class
- B
- Year Built/Renovated
- 1885/2023
- Buildings
- 1
- Stories
- 3
- Units
- 6
Location Insight
- City
- Malden
- County
- Middlesex
- State
- Massachusetts
- Latitude
- 42.4343914
- Longitude
- -71.0685109
14-16 Ripley St, Malden, Massachusetts
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Value-add multifamily investment opportunity.
- Where is the apartment building located?
- The property is located at 14-16 Ripley St Malden, MA.
- What is the asking price?
- The asking price for this property is $1,700,000.
- What are key features of this property?
- This property features: $1,700,000 asking price for a value-add, six-unit apartment building in Malden, MA.; 5,500 total square feet, 3,300 net rentable square feet, with a price per square foot of $309.09.; 5.90% current cap rate, 7.21% pro-forma cap rate, and a $100,262 current NOI, projecting to $122,649.
- How can I contact the broker?
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