Unit Information
Value Add Opportunity ! Permits in place to build out 10 One Bedroom Apartments.Located on the highly sought after and heavily traveled Route 28 Interstate Highway.Tri level structure improved by 5 retail storefronts with long standing tenants in place. Updated sprinkler system. Wet system on lower levels and Dry system above.Also has an updated fire prevention system. Storefronts have their own separately metered utilities, including self contained heating and cooling systems in place. New electrical service in place. Five young rubber roofs. Present rent roll is below market with no leases having room for larger bottom line.Located on the bus line.The asset is positioned across from the newly developed Malden Mils Loft community Loft Five50 consisting of first phase development. Second phase development having an additional 200 units has just been improvedand in process.
- Additional Details
- Status: ACT
- Zip Code: 01841
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$1,799,900
- MLS #: 73347835
- Living Area: 14,618 sqft Convert
- Lot Size: 5,830 sqft Convert
- Acres: 0.13
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Luxury Residential Group
(617) 233-5800
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Content © 2025 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of George Silva of Empire Real Estateâ„¢. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.