447 Pleasant St, Melrose, MA, 02176
70 rooms
24 beds
24 Full baths
1964
13,440 sqft
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.
Status:
Pending
Type:
Multi-family
Units:
24
Zoning:
URC
Levels:
3
Parking:
21-car, Off Street
Acreage:
0.45
Est. Taxes:
$31,085
Assessment
$3,139,900
Lot Description:
Other
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Private School, Public School, T-Station
MLS #:
73380148
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Kelleher - Pentore Team, Horvath & Tremblay 781-776-4000