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!
Sold for $1,605,000 on 04/12/24
$1,605,000
608 Franklin St, Melrose, MA 02176
8beds
5,339sqft
5+ Family - 5+ Units Up/Down
Built in 1895
-- sqft lot
$-- Zestimate®
$301/sqft
$1,988 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: April 15, 2024 at 12:18pm
Listed by:
Pamela Bardhi,
eXp Realty
Bought with:
Pamela Bardhi
eXp Realty
Source: MLS PIN,MLS#: 73191490
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Hot Water
Features
- Flooring: Tile, Hardwood
- Basement: Full,Walk-Out Access
- Number of fireplaces: 3
Interior area
- Total structure area: 5,339
- Total interior livable area: 5,339 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Paved
- Has uncovered spaces: Yes
Lot
- Size: 0.27 Acres
Details
- Parcel number: M:B12 P:0000065,658475
- Zoning: URA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Granite
- Roof: Shingle
Condition
- Year built: 1895
Utilities & green energy
- Electric: Individually Metered
- Sewer: Public Sewer
- Water: Public, Individual Meter
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Medical Facility, Laundromat, T-Station
Location
- Region: Melrose
HOA & financial
Other financial information
- Total actual rent: 8450