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Property Description:

Sale Price: $5,000,000

40 Rockland Avenue, Malden Ma. 02148

Great investment property with excellent upside potential! This property located west of the Malden Center is in walking distance to MBTA Malden Center Station of Orange, Rail and Bus lines. Its easy access to schools, store, shops, restaurants etc. and Route 95. This 3.5 story, 16 unit brick building constructed in 1963 is situated in a rectangular shaped lot of approximately 16,552 sq. ft. of land. It has a hip roof with asphalt architectural shingles and aluminum gutters and downspouts which were reroofed/redone in 2005. The living area is approximately 19,200 square feet. The apartments (14 – 2 Beds & 2 – 1 Beds) are spacious and have an excellent floor plan (approximately 1,060 sq. ft. for 2 brs. & 840 sq. ft. for 1 brs.) The parking lot contains 22+ parking spaces. The heat is provided by electrical baseboard heating while the hot water is provided by and indirect oil fired hot water heater tank system. There is a laundry room with coin-operated washers and dryers in the building. This is a building which is easy to MAINTAIN AND OPERATE and CONVENIENTLY LOCATED!

The information provided is based on public records, appraisal report, contractors’ statements, personal notes etc. The writer is not responsible for the accuracy or completeness of this information.

Email Ernest Thai for more information: ernesttsai10@gmail.com

 

 


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