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$1,100,000
Total Beds: 7 Total Baths: 3
Total Units: 3 SQFT: 4140
LOT size: 0.28 Acres
5 Oliver St
Malden, MA 02148
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This Property is No Longer Available

Property Description

Oversized well maintained 3 family on a 12,000 SF lot with huge upside. Rents currently are undermarket and through strategic renovations and additions the new owner will add value to this great investment. The property can fit over 10+car parking with possible expansion.1st & 2d floor is an oversized 3 bedrooms with extremely large bedrooms, living room and eat in kitchen. The 3rd floor 1 bedroom split was recently renovated and has the possibility to build another bedroom. Don't miss out on this great value add investment.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Amenities: Public School, Public Transportation, Shopping
  • Common Rooms: Kitchen, Living Room

Financial

  • APOD Available: No
  • Gross Operating Income: 70800
  • Gross Expenses: 23248
  • Electric Expenses: 660
  • Water/Sewer: 3200
  • INSC: 3500
  • Repairs & Maintenance: 3363
  • Management Fee: 3363
  • Net Operating Income: 44012

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Other Rooms: Kitchen, Living Room
  • Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Kitchen, Living Room
  • Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Other Rooms: Kitchen, Living Room
  • Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Stone/Concrete
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Wall to Wall Carpet, Wood
  • Lead Paint: Unknown

Other Information

  • MLS ID# 73038201
  • Last Updated: 09/29/22

Mortgage Calculator

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Map

Seller's Representative: Dan Pouladian, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2022-09-29 15:13:00

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