608 Franklin St Melrose MA 02176 MLS #73191490

608 Franklin St
Melrose, MA, 02176
$1,599,990
8 Beds
6 Baths
5,339 SqFt
0.27 Acres
$1,599,990
608 Franklin St
Melrose, MA, 02176
ATTENTION INVESTORS: Prime opportunity in transit-oriented, downtown Melrose – named one of the hottest zip codes in America! Rarely found in the heart of Melrose, this fully rented, updated and turnkey 5-unit multifamily property with 10 parking spots is a masterpiece of architecture and financial opportunity. Each unit boasts exquisite woodwork, infusing classic charm with contemporary living. Nestled steps next to the Melrose Highlands train station with easy commute to Boston, surrounded by shops, restaurants, Wholefoods, and minutes to beautiful Ell Pond, this property caters to the demands of modern life, making it a hotspot for tenants seeking accessibility and a stress-free commute. With fully occupied, turnkey rentals, enjoy a hassle-free income stream and let your investment work for you. Don’t miss out on this golden opportunity to acquire a fully rented, turnkey multifamily property with value-add upside in one of Massachusetts’ most sought-after locations!

Property Details

Price:
$1,599,990
MLS #:
73191490
Status:
Closed ((Apr 12, 2024))
Beds:
8
Baths:
6
Address:
608 Franklin St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Melrose
Listed Date:
Jan 7, 2024
State:
MA
Finished Sq Ft:
5,339
ZIP:
02176
Lot Size:
11,631 sqft / 0.27 acres (approx)
Year Built:
1895

Schools

Interior

Bathrooms
6 Full Bathrooms
Fireplaces Total
3
Flooring
Tile, Hardwood
Heating
Hot Water

Exterior

Community Features
Public Transportation, Shopping, Medical Facility, Laundromat, T- Station
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
10
Roof
Shingle

Financial

Buyer Agent Compensation
2%
Net Operating Income
$121,349
Tax Year
2023
Taxes
$12,359
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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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608 Franklin St
Melrose, MA