MA
Middlesex
Melrose
02176
447 Pleasant St
447 Pleasant St, Melrose, MA 02176
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Listing Type
Multi Family
Listing Status
pending
20
$7,000,000

Home Details for 447 Pleasant St

Price
$7,000,000
Type
Residential Income
Bedrooms
24
Bathrooms
24.0
Square feet
13440
Year built
1964
Lot size acres
0.45
County
Middlesex
Total rooms
70
Garage
Days on site
167
MLS Listing#
73380148
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
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: Horvath & Tremblay - 781-776-4000
Presented by: Kelleher - Pentore Team
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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