$7,130,000
40
Beds
23
Baths
22,324
Living Area
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Property Description
333 Main St is a four-story brick building with 23 residential units consisting of (7) 1-Bed/1-Bath units, (15) 2-Bed/1-Bath units, and (1) 3-Bed/1-Bath unit. The units, which feature hardwood flooring, are separately metered for heat (electric), hot water (electric) and electricity, which are paid for directly by the tenants. The Landlord is responsible for common area electric and domestic water and sewer. 333 Main Street features ample off-street parking with 23 spaces. The Property also offers an on-site laundry facility, and each unit has a private walk-out patio or balcony. 333 Main Street offers the opportunity to acquire a well-maintained investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Melrose submarket continues to accelerate thanks to continued commercial and infrastructure development in Melrose.
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1961
- Parking Spots: 23
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 86
- Status: Closed
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Additional Details
- Foundation: Other
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Urc
- Lot Features: Corner Lot
- Roof: Rubber
- Total Number of Units: 23
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Private School, Public School, T-Station
- Parking Features: Off Street
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $3,750,600
- Tax Year: 25
- Total Rent: $32,767
- Rental Fee Includes: Unit 1(Water), Unit 2(Water)
- Taxes: $37,131
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Listing information provided courtesy of Horvath & Tremblay.
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