Location!!!!Located near Malden Center, this expansive property is just steps from a T station and bus stops, perfect for commuters. It offers 4,000 sq ft of living space on a 0.2-acre lot, featuring 20 rooms, including 10 bedrooms and 5 full bathrooms. This setup is ideal for generating significant rental income by renting out individual rooms or multiple units.The property includes 5 indoor garage spaces and an additional 7 off-street parking spaces, enhancing its rental appeal. The sizable lot also holds potential for various uses, such as expansion or redevelopment, to maximize income and functionality.With its prime location and ample living and parking space, this property is not just a residence but a lucrative investment opportunity with vast potential in a highly desirable area.Just moments from the Orange Line at Malden Center, residents can enjoy quick and direct access to downtown Boston, connecting effortlessly to educational institutions such as Northeastern University.

Property Details

Price:
$1,250,000
MLS #:
73230532
Status:
Active
Beds:
10
Baths:
5
Address:
383 Highland Ave
Type:
Single Family
Subtype:
Single Family Residence
City:
Malden
Listed Date:
Apr 30, 2024
State:
MA
Finished Sq Ft:
4,000
ZIP:
02148
Lot Size:
8,825 sqft / 0.20 acres (approx)
Year Built:
1900

Schools

Interior

Appliances
Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Bathrooms
5 Full Bathrooms
Cooling
Central Air, Wall Unit(s)
Flooring
Hardwood
Heating
Baseboard, Oil

Exterior

Architectural Style
Colonial
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails
Construction Materials
Frame
Parking Features
Detached, Paved Drive, Off Street
Parking Spots
6
Roof
Shingle

Financial

Buyer Agent Compensation
2%
Tax Year
2024
Taxes
$10,694

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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383 Highland Ave
Malden, MA