Corner lot updated 2-family home located in Malden’s highly sought after Forestdale neighborhood near the Melrose Line. Unit 1 features 3 bedrooms, 1 bathroom, corian countertops, hardwood floors, pantry space and laundry in basement. Unit 2 features two levels of living with 4 bedrooms, 2 bathrooms, office, hardwood floors throughout and an updated kitchen with stainless steel appliances and granite countertops. Spacious side yard as well as two decks at the rear of the property. Room for 2-3 parking spaces tandem off-street in driveway to left of house. Amazing investment/ income producing opportunity close to Boston. Both units are currently rented and can not be shown prior to the open houses scheduled for Saturday and Sunday.

Property Details

Price:
$998,000
MLS #:
73274374
Status:
Active Under Contract
Beds:
7
Baths:
3
Address:
68 Floral Avenue
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Neighborhood:
Forestdale
City:
Malden
Listed Date:
Aug 6, 2024
State:
MA
Finished Sq Ft:
2,750
Total Sq Ft:
2,750
ZIP:
02148
Lot Size:
7,200 sqft / 0.17 acres (approx)
Year Built:
1900
Units:
2

Schools

Elementary School:
Forestdale
Middle School:
Forestdale
High School:
Malden High

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
None
Flooring
Tile, Hardwood, Stone/ Ceramic Tile
Heating
Forced Air, Baseboard, Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T- Station
Construction Materials
Frame
Parking Features
Off Street
Parking Spots
2
Roof
Shingle

Financial

Net Operating Income
$64,800
Tax Year
2024
Taxes
$9,787

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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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68 Floral Avenue
Malden, MA