14-16 Ripley Malden MA 02148 MLS #73295348

14-16 Ripley
Malden, MA, 02148
$1,725,000
10 Beds
6 Baths
3,282 SqFt
0.23 Acres
$1,725,000
14-16 Ripley
Malden, MA, 02148
The property is well located off Main Street and in close proximity to the Orange Line (Oak Grove Station). This property is being delivered with many recent capital improvements for the new ownership. The property consists of six (6) units in total and three (3) off-street parking spots. The total gross square footage 5,499 ± with a unit breakdown of three (3) one-bedrooms, one (1) studio, and two (2) two-bedroom townhome style. The property has undergone many upgrades such as, new roof, new high efficiency heating system with on demand hot water, newly installed Lally columns with footers, replacement windows, electrical panels within the units, plumbing upgrades, 5 out of 6 units renovated with new kitchens, bathrooms, flooring, and common area completed. There is a newly installed driveway and walk-ways on both sides of the building wrapping around to the backyard.

Property Details

Price:
$1,725,000
MLS #:
73295348
Status:
Pending
Beds:
10
Baths:
6
Address:
14-16 Ripley
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Side by Side
City:
Malden
Listed Date:
Sep 26, 2024
State:
MA
Finished Sq Ft:
3,282
Total Sq Ft:
3,282
ZIP:
02148
Lot Size:
9,999 sqft / 0.23 acres (approx)
Year Built:
1885
Units:
6

Schools

Interior

Bathrooms
6 Full Bathrooms
Flooring
Vinyl, Laminate

Exterior

Community Features
Public Transportation, Shopping
Construction Materials
Frame
Parking Spots
3
Roof
Shingle

Financial

Net Operating Income
$100,262
Tax Year
2024
Taxes
$10,376
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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14-16 Ripley
Malden, MA