46-48 Waverly Place Melrose MA 02176 MLS #73320720

46-48 Waverly Place
Melrose, MA, 02176
$1,650,000
7 Beds
7 Baths
2,940 SqFt
0.15 Acres
$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

Net Operating Income
$59,695
Tax Year
2024
Taxes
$9,557
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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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