608 Franklin StreetMelrose, MA 02176MLS Number 73191490

  • Price: $1,599,990
  • Est. Mortgage of $/month
  • 55 Days on Market
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Federal 30-year interest rate: 6.94% last updated on Feb 29, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Under Agreement
608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176
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  • 8Bedrooms
  • 6Bathrooms
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!
Listed by Pamela Bardhi of eXp Realty

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Colonial Manor Realty
Colonial Manor Realty
127 Franklin Street
Reading, MA 01867

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More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $140,700
  • Mls StatusUnder Agreement
  • Parcel Number M:B12 P:0000065,658475

Location

  • Address608 Franklin Street
  • Building Number608
  • CountyMiddlesex
  • StateMA
  • StreetFranklin Street
  • TownMelrose
  • Zip02176

Interior

  • Flooring Tile, Hardwood

Utilities

  • Electric Individually Metered
  • Heat SystemYes
  • Heating Hot Water
  • Sewer Public Sewer
  • Water Source Public, Individual Meter

Amenities

  • AmenitiesPublic Transportation, Shopping, Medical Facility, Laundromat, T-Station
  • Appliances IncludedUtility Connections for Gas Range
  • Other AmenitiesBasement, Fireplace

Tax Information

  • Tax Assessed Value $1,186,100
  • Tax Year 2023
  • Taxes$12,359

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms8
  • Full Bath6

Building

  • BasementFull, Walk-Out Access
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 3
  • FoundationGranite
  • Rooms26
  • Stories9
  • Units5
  • Utilities For Gas Range
  • Year Built1895
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces10

Basic Information

  • List Price$1,599,990
  • MLS Number73191490
  • Modification Date02/07/2024
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date01/16/2024
  • Sale Date02/06/2024

Property

  • Acreage0.27

Exterior

  • RoofShingle

Property Information

  • Building Area Source Owner
  • Living Area 5,339
  • Lot Size Square Feet 11,631
  • Lot Size Units Acres
  • Square Feet5,339

Other

  • Buyer Agency Compensation2
  • Date Listed01/08/2024
  • Farm Land Area Units Square Feet
  • View Count8

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