$1,650,000
46-48 Waverly Place
Melrose, MA, 02176
This 7-unit multifamily property consists of (7) One-bedroom apartments with (8) off-street parking spaces for tenants to use. This asset is located directly next to the Wyoming Hill MBTA station which makes it very convenient for tenants who are commuting into the city for work or fun. This is the first time the property has been on the market in over 26 years. The rents are currently 40% below market rate, investors have the opportunity to add value through upgrading units and hallways to a more modern look and raising rents to market rate. All interested parties will have the opportunity to obtain additional information upon request.
Property Details
Price:
$1,650,000
MLS #:
73320720
Status:
Pending
Beds:
7
Baths:
7
Address:
46-48 Waverly Place
Type:
Multi Family
Subtype:
5-9 Family
City:
Melrose
Listed Date:
Dec 19, 2024
State:
MA
Finished Sq Ft:
2,940
Total Sq Ft:
2,940
ZIP:
02176
Lot Size:
6,734 sqft / 0.15 acres (approx)
Year Built:
1900
Units:
7
Schools
Interior
Bathrooms
7 Full Bathrooms
Flooring
Wood
Exterior
Community Features
Public Transportation, T- Station
Construction Materials
Frame
Parking Features
Off Street
Parking Spots
8
Roof
Shingle
Financial
Tax Year
2024
Taxes
$9,557
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Marcus & Millichap Real Estate Investment Services. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
46-48 Waverly Place
Melrose, MA
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