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355 Boylston St / (617) 233-5800

447 Pleasant St

Melrose, MA ID #73380148

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447 Pleasant St

- Melrose, MA ID #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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5+ Family - 5+ Units Up/Down
  • Zip Code: 02176
  • Taxes: 31,085
  • Levels: 3
  • Acres: 0.45

Parking

  • Parking: Off Street
  • Parking Spaces: 21

Rooms/Dimensions

  • Total Units: 24
  • Total Floors: 3
  • Total Rooms: 70

Location

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447 Pleasant St, Melrose, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Kelleher - Pentore Team of Horvath & Tremblay. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.