Building portfolio of properties for Sale. Rare opportunity Redevelopment of a Portfolio of Properties in an extraordinary location! Located on a common boundary line with Melrose Downtown Historic District, existing group of 4 adjoining parcels features 4 Victorian homes with 14 units, a private street, 2 multi-stall garage structures. Distinctive Property Design Features: Gable exterior roof designs at varying heights, high interior ceilings, front porches, oak and maple hardwood floors, and ornate detailing. Zoning allows for 21 units, with opportunity for additional units on approx. 0.75 acres. Mix of 1- and 2-bedroom apartments. The property is approximately 70% occupied. Lots zoned UR-D (Urban Residential ‘D’) allowing multifamily buildings to a density of FAR=1.0. Allowable height is 50 feet and 4 stories. Redevelop preserving the existing structures with square foot additions and interior renovations or build a completely new multifamily building (s).
This home has been viewed 48 times
Last Checked: December 16th, 2024 at 5:19am (Source: MLS PIN #73296098)
General Information for 1-3-5 Bradford Park, Melrose MA 02176
Listing ID73296098
Property TypeCommercial Sale / Commercial
Price$1
Style
CityMelrose
CountyMiddlesex
MLS AreaMelrose Highlands
Neighborhood(s)
Garage Parking
ZoningUR-D
AssociationNo
Year Built1875
Year Built Source
Year Renovated
Year Built Details
Handicap Access / FeaturesNo
Energy Features
Disclosures for 1-3-5 Bradford Park, Melrose MA 02176
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Senior CommunityNo
Special Listing Conditions
For Sale By OwnerNo
Exclusions
Disclosures
Title 5
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Contact Information for 1-3-5 Bradford Park, Melrose MA 02176