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38 Clapp Street
Malden, MA 02148
Asking Price
$5.95M
Asset Type
Apartment Building Retail
Class
Class B
What's Special
18-unit Brick Garden-style Apartment Building <p>OFFERING</p><p>Unique opportunity to acquire an 18-unit apartment building in Malden, MA. Brick apartment buildings of this size are always in demand and there is a short supply of offerings that come to the market.</p><p></p><p>STABILIZED INVESTMENT</p><p>The building is fully occupied and provides stable cash flow. Upside potential remains through future rent increases, expense reductions, and long-term property appreciation.</p><p></p><p>IMPROVEMENTS</p><p>Ten (10) of the units have been f
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NOI
$80,000
Cap Rate
1.34%
DSCR
0.23
Underwater
Cash-on-Cash
-15.31%
Monthly Payment
$29,437.354
Annual Cash Flow
$-273,248.243