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Closed

2-4 Lakecroft Court, Melrose MA 02176

$1,050,000

Estimated $2,390.07/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $525,000

Total Rent: 67200/year

Estimated CAP Rate: 5.61%

5 Bedrooms

3 Full Baths

3,486 SqFt

Total Parking: 4

7,854 SqFt

A truly RARE opportunity to own one of only a handful of WATERFRONT homes on the shores of Ell Pond! This Mansard style Victorian Two Family offers direct access to Ell Pond where you can kayak, canoe, skate or fish. This peaceful, bucolic setting offers stunning views of the pond with its resident swans and many other species of birds and wildlife. Relax on the deck or patio in the warm weather and the two enclosed rear porches will extend your views of the water when the cooler weather returns. The kitchens feature granite countertops, stainless appliances & updated cabinets. Both bathrooms have ceremic tile shower and tub enclosures, tile floors and updated vanities. Both units include a den/office ideally suited for those who work from home or enjoy a cozy spot to curl up with a good book. Commuters will appreciate the access to the Commuter Rail and bus which a short stroll away as is the Farmers Market, Whole Foods and downtown Melrose brimming with fine restaurants and shops.

This home has been viewed 55 times

Last Checked: May 7th, 2024 at 6:01am (Source: MLS PIN #73105128)

Gross Income: $67,200

Gross Expenses: $8,250

Net Income Calc: $58,950

CAP Rate: 5.61%

Water Views

Annual Expenses for 2-4 Lakecroft Court, Melrose MA 02176

Total Gross Expenses (Calculated)$8,250/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,250

Annual Income & Unit Breakdown for 2-4 Lakecroft Court, Melrose MA 02176

Total Gross Income (Calculated)$67,200

Unit 1

Rental Income$2,600

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$3,000

LeaseY

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 2-4 Lakecroft Court, Melrose MA 02176

Listing ID73105128

Property TypeMulti Family

Price$1,050,000 ($301.2/SqFt)

StyleMulti Family

CityMelrose

CountyMiddlesex

MLS AreaFells

Neighborhood(s)

Approximate Living Area Total3,486 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking4

Garage Parking

Year Built1860

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Easements, Other

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningURB

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesPond, Direct Access, Waterfront

Energy Features

Terms

Disclosures for 2-4 Lakecroft Court, Melrose MA 02176

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$67,200

Total Net Income By Broker$67,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 2-4 Lakecroft Court, Melrose MA 02176

Real Estate Taxes$8,250

Tax Year2023

Assessed Value$791,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$67,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$67,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.61%

Location Information for 2-4 Lakecroft Court, Melrose MA 02176

Elementary SchoolApply

Middle SchoolMvmms

High SchoolMhs

Neighborhood(s)

MLS AreaFells

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Private School, University, Other

Contact Information for 2-4 Lakecroft Court, Melrose MA 02176

Agent

Name: Lisa Howitt

Office

Name: Century 21 Tradition

Phone: 781-665-2121

Team Members

Payment Calculator

, Interest

Property Taxes 687.5

Principal & Interest 6469.77

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 Tradition

Lisa Howitt

Agent Phone

Office Phone

(781) 665-2121

Text Agent Call Agent Call Office

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            [0] => 2-4 Lakecroft Court, Melrose MA 02176
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)

EXIT