Sold
447 Pleasant St, Melrose, MA
Melrose · MA 02176
- $6,570,000
- Price
- 24
- Beds
- 24
- Baths
- 13440
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1964
Units:
24 Units
Lot size:
0.46 Acre Lot
Price per square foot:
$521 / Sq.Ft
Parking:
21 Off Street Spaces
About this home
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.
Neighborhood & Transit
447 Pleasant St, Melrose · MA 02176
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Wyoming Hill Commuter Rail 1 route 0.09 mi
- Haverhill Line
Price Insight
- Days on Market:
- 512 days
- Listing Price:
- $7,000,000
- Price per Sq.Ft:
- $521
- Tax Assessment:
- $3,139,900 in 25
- Taxes:
- $2,590 / Monthly
Home Facts
Interior Features
- Bedrooms
- 24
- Full Bathrooms
- 24
- Half Bathrooms
- 0
- Living Area
- 13,440 Sq.Ft (Includes Basement)
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 10080
- Flooring
- Unknown
- Lead paint
- Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Individually Metered
Exterior Features
- Lot Size
- 19,994 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 21 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Kelleher - Pentore Team
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73380148
- Disclosure
- The Total Monthly Rent is $46,235. $32,767 is the maximum input allowed by MLS.