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660-664 Main Street, Melrose MA 02176

$1,850,000

Estimated $4,122/month Calculator

Multi Family

Total Units: 7

Price Per Unit: $264,285.71

Total Rent: 66600/year

Estimated CAP Rate:

11 Bedrooms

Baths

4156

Total Parking: 9

9,984 (0.23)

ATTENTION INVESTORS AND DEVELOPERS: Prime opportunity in transit-oriented, downtown Melrose - named one of the hottest zip codes in America! Ideally located on Main Street surrounded by shops, restaurants, Starbucks and Cafe Nero, 0.3 mi to the Cedar Park Commuter Rail station, 1.6 mi to the Oak Grove Orange line station, and minutes to beautiful Ell Pond. Seven units in two buildings with flexible floor plans ranging from studios to 2-3 bed layouts. Features include hardwood floors, high ceilings, and large kitchens with gas cooking. 660 Main Street is comprised of 5 units plus an unfinished basement. 662-664 Main Street is the rear building with 2 floor-through units, an unfinished basement and decks. Ample parking with 9-10 off-street surface spaces. BD Zoning district. Sold as-is. Buyer to perform all due diligence.

This home has been viewed 30 times

Last Checked: May 7th, 2024 at 9:01am (Source: MLS PIN #73108300)

Gross Income: $66,600

Gross Expenses: $13,465

Net Income Calc: $53,135

Water Views

Annual Expenses for 660-664 Main Street, Melrose MA 02176

Total Gross Expenses (Calculated)$13,465/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13465

Annual Income & Unit Breakdown for 660-664 Main Street, Melrose MA 02176

Total Gross Income (Calculated)$66,600

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit0

Rent Includes

General Information for 660-664 Main Street, Melrose MA 02176

Listing ID73108300

Property TypeMulti Family / 5+ Family

Price1850000 ($445.14/SqFt)

Style5-9 Family

CityMelrose

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total4156

Approximate Lot Size (Acres)0.23

Total Parking9

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Area999

Foundation Description

Accessible Features

Outdoor Space

ZoningBD

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 660-664 Main Street, Melrose MA 02176

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsWasher/Dryer Negotiable

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation1%

Compensation Based OnGross/full Sale Price

Financial Information for 660-664 Main Street, Melrose MA 02176

Real Estate Taxes13465

Tax Year2023

Assessed Value$1,292,200

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 660-664 Main Street, Melrose MA 02176

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 660-664 Main Street, Melrose MA 02176

Agent

Name: The Collective

Office

Name: Compass

Phone: 617-206-3333

Payment Calculator

, Interest

Property Taxes 1122.08

Principal & Interest 11399.11

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

The Collective

Agent Phone

Office Phone

(617) 206-3333

Text Agent Call Agent Call Office

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EXIT

13 More Photos

Closed

660-664 Main Street, Melrose MA 02176

$1,850,000

Annual Expenses for 660-664 Main Street, Melrose MA 02176

Annual Income & Unit Breakdown for 660-664 Main Street, Melrose MA 02176

General Information for 660-664 Main Street, Melrose MA 02176

Disclosures for 660-664 Main Street, Melrose MA 02176

Financial Information for 660-664 Main Street, Melrose MA 02176

Location Information for 660-664 Main Street, Melrose MA 02176

Contact Information for 660-664 Main Street, Melrose MA 02176

Agent

Office

Payment Calculator

Exclusive Listing Agent

Compass

The Collective