Homes for sale - 447 Pleasant St, Melrose, MA 02176

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Matt Quinlan

qrealtorma@gmail.com +1(978) 827-8268

$7,000,000

Est. payment - /mo

24 Beds

24 Baths

13,440 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Pending

Purchase Type For Sale

Square Footage 13,440 sqft

Price per Sqft $520

MLS Listing ID 73380148

Bedrooms 24

Full Baths 24

Year Built 1964

Annual Tax Amount $31,085

Tax Year 25

Lot Size 0.450 Acres

Acres 0.45

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

447 Pleasant St is a three-story brick building with 24 residential units consisting of 1 Studio unit and (23) 1-Bedroom/1-Bathroom units. The units are separately metered for electric, which is paid directly by the tenants. The Landlord is responsible for electric heat and hot water, common area electric, and domestic water and sewer. 447 Pleasant Street has been well maintained throughout ownership and features ample off-street parking with 21 spaces. The Property also offers an elevator and on site laundry facility, and each unit has a private walk-out patio or balcony. 447 Pleasant Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. In-place rents are below market rates, providing significant potential for upside by achieving market rents through programmatic upgrades to the unrenovated units.

Location

State MA

County Middlesex

Zoning URC

Direction Please Use GPS

Exterior

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Private School, Public School, T-Station

Roof Type Rubber

Total Parking Spaces 21

Garage No

Building

Lot Description Other

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Horvath & Tremblay

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Matt Quinlan

+1(978) 827-8268

Broker | License ID: 9518707

Broker License ID: 9518707

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447 Pleasant St Melrose, MA 02176

Matt Quinlan

Key Details

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