20
See all 20 photos
$7,000,000
Est. payment /mo
24 Beds
24 Baths
13,440 SqFt
Pending
447 Pleasant St Melrose, MA 02176
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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
Listed by Horvath & Tremblay
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