46-48 Waverly PlaceMelrose, MA 02176MLS Number 73320720

  • Price: $1,650,000
  • Est. Mortgage of $/month
  • 33 Days on Market
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Federal 30-year interest rate: 7.04% last updated on Jan 16, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Under Agreement
46-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 0217646-48 Waverly Place Melrose MA 02176
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  • 7Bedrooms
  • 7Bathrooms
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.
Listed by Bradford Carlson of New England Realty Advisors LLC

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

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More Info

Basic Information

  • Gross Income $102,000
  • Lot Features Level
  • Mls StatusUnder Agreement
  • Parcel Number 653771
  • Rent Includes Unit 1(Heat, Water), Unit 2(Heat, Water)

Location

  • Address46-48 Waverly Place
  • Building Number46-48
  • CountyMiddlesex
  • StateMA
  • StreetWaverly Place
  • TownMelrose
  • Zip02176

Exterior

  • RoofShingle

Property Information

  • Building Area Source Public Records
  • Living Area 2,940
  • Lot Size Square Feet 6,734
  • Lot Size Units Acres
  • Square Feet2,940

Tax Information

  • Tax Assessed Value $962,400
  • Tax Year 2024
  • Taxes$9,557

Basic Information

  • List Price$1,650,000
  • MLS Number73320720
  • Modification Date01/14/2025
  • Property SubType5-9 Family
  • Purchase Contract Date01/14/2025

Property

  • Acreage0.15

Interior

  • Flooring Wood

Utilities

  • Electric 60 Amps/Less
  • Electric Expense 2000
  • Sewer Public Sewer
  • Water Source Public

Other

  • Buyer Agency Compensation1.5
  • Date Listed12/19/2024
  • Farm Land Area Units Square Feet
  • View Count9

Parking

  • Parking Features Off Street
  • Parking Spaces8

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 7
  • Bedrooms7
  • Full Bath7

Building

  • BasementConcrete
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Rooms24
  • Stories3
  • Units7
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Amenities

  • AmenitiesPublic Transportation, T-Station

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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