$2,350,000
$2,350,000
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17 Beds
8.5 Baths
9,167 SqFt
SOLD DATE : 08/14/2019
Key Details
Sold Price $2,350,000
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Sold
Purchase Type For Sale
Square Footage 9,167 sqft
Price per Sqft $256
MLS Listing ID 72504343
Sold Date 08/14/19
Bedrooms 17
Full Baths 8
Half Baths 1
Year Built 1920
Annual Tax Amount $8,420
Tax Year 2019
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type 5+ Family - Rooming House
Property Description
155 Clifton Street in Malden has a lodging house license to operate 17 rooms/apartments comprising 5 studios (with their own kitchen and baths) and 12 rooms with shared kitchen and baths (1 bath on each floor). These properties are rarely available and generate significant annual income for the smart investor operator. FYI - The seller is willing to stay and show the new owner how to operate it. Investor Alert - this property recently received a top to bottom "gut" renovation which allowed for new insulation, new heat and electric, new windows and hardwood floors, new sprinkler and fire systems. The kitchens and baths have quartz counter-tops and new appliances. The building has high end cameras on each floor. Laundry in the building. Significant off street parking and a two car garage. Located in a quiet residential neighborhood in the West End area of Malden within within walking distance to two Orange Line T stations.
Location
State MA
County Middlesex
Area West End
Zoning ResA
Direction Salem or Pleasant Street to Main Street to Clifton
Rooms
Basement Full, Finished, Walk-Out Access, Interior Entry, Concrete
Interior
Interior Features Unit 2(Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub), Unit 1 Rooms(Kitchen)
Flooring Wood, Unit 2(Hardwood Floors)
Appliance Unit 1(Range, Dishwasher, Refrigerator), Gas Water Heater
Exterior
Garage Spaces 2.0
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Highway Access, Public School, T-Station
Roof Type Shingle, Rubber
Total Parking Spaces 16
Garage Yes
Building
Lot Description Corner Lot, Level
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
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Bought with John Schwagerl & Scott Twadelle • RCG Properties
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Broker | License ID: 068128
steven@whitehillestatesandhomes.com
48 Maple Manor Rd, Center Conway , New Hampshire, 03813, USA