BEDS24
BATHS24 full
SQUARE FEET13,440
MLS#73380148
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.46 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $31,085
Year Built: 1964
Feature Descriptions
Building Area Total: 13440
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Private School, Public School, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 329
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Individually Metered
Lot Features: Other
Parcel Number: 652846
Parking Features: Off Street
Parking Total: 21
Rent Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water)
Rooms Total: 70
Sewer: Public Sewer
Units: 24
Water: Public
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agency Phone: 781-776-4000
Agent Name: Kelleher - Pentore Team
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 20,211.05 per month $15,578.97 Principal & Interest $2,590.42 Property Tax $2,041.67 Homeowner's Insurance
447 Pleasant St | MLS# 73380148
This multi-family property located at 447 Pleasant St, Melrose, MA 02176 is currently listed for sale with an asking price of $7,000,000. Search Melrose real estate on www.masiellogrouprealestate.com today.