363 Broadway Malden, MA 02148
- Commercial real estate
- 5,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 363 Broadway
- Year built
- 1900
- Property size
- 5,000 SF
- Property type
- Commercial real estate
Description
This exceptional value-add investment opportunity presents a two-unit apartment building situated at 363 Broadway, Malden, MA 02148. The property, built in 1900, encompasses approximately 5,000 square feet on a 3,000 square foot lot and features two stories. The net rentable area totals 2,000 square feet. Currently, the occupancy rate is 50%, with one unit occupied and one vacant. Each unit offers a two-bedroom, one-bathroom layout, and shared laundry facilities are conveniently located in the basement. The asking price is $536,000. Note that this property is subject to an affordable housing restriction until 2039
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Malden
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.038343236019
- Latitude
- 42.435273318183