Overview Property Details Payment Calculator Walkability

Withdrawn

24 W Emerson, Melrose MA 02176

$1

Estimated $836.08/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $0.20

Total Rent: 64500/year

Estimated CAP Rate: 5446700.00%

7 Bedrooms

5 Full Baths

3,725 SqFt

Total Parking: 9 (4 Garage)

9,750 SqFt

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 ...

This home has been viewed 73 times

Last Checked: December 16th, 2024 at 5:18am (Source: MLS PIN #73306923)

Gross Income: $64,500

Gross Expenses: $10,033

Net Income Calc: $54,467

CAP Rate: 5446700.00%

Annual Expenses for 24 W Emerson, Melrose MA 02176

Total Gross Expenses (Calculated)$10,033/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,033

Annual Income & Unit Breakdown for 24 W Emerson, Melrose MA 02176

Total Gross Income (Calculated)$64,500

Unit 1

Rental Income$1,400

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,500

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,200

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,275

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 24 W Emerson, Melrose MA 02176

Listing ID73306923

Property TypeMulti Family / 5+ Family

Price$1

Style5-9 Family

CityMelrose

CountyMiddlesex

MLS AreaMelrose Highlands

Neighborhood(s)

Approximate Living Area Total3,725 SqFt

Approximate Lot Size (Acres)0.22 acres

Total Parking9 (4 Garage)

Garage Parking4 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area1

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningUR-D

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 24 W Emerson, 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$82,500

Total Net Income By Broker$82,500

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 24 W Emerson, Melrose MA 02176

Real Estate Taxes$10,033

Tax Year2025

Assessed Value$679,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$82,500

BostonRealEstate.com Gross Income

Total Net Income By Broker$82,500

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5446700.00%

Location Information for 24 W Emerson, Melrose MA 02176

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaMelrose Highlands

Area Amenities

Contact Information for 24 W Emerson, Melrose MA 02176

Agent

Name: Lisa DonFrancesco

MLS ID: CN207001

Office ID: AN1287

Address: 111 Walnut Street

City: Wellesley Hills

State: MA

Zip: 02481

Office

Name: Saint James Real Estate Advisors, LLC

MLS Office ID: AN1287

Phone: 617-378-1230

Team Members

Payment Calculator

$836.09 per month

30 Years Fixed, 6.75% Interest

Property Taxes $836.08

Principal & Interest $0.01

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Saint James Real Estate Advisors, LLC

Lisa DonFrancesco

Agent Phone

Office Phone

(617) 378-1230

Text Agent Call Agent Call Office

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[high_school] => 
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[horse_permitted] => No
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[id] => 559248
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[last_month_required] => Array
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[last_sync_date] => 2024-12-16 05:18:57
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[middle_school] => 
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[net_income_calc] => 54467
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            [name] => Saint James Real Estate Advisors, LLC
            [phone] => 617-378-1230
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[optional_price] => 0
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[road_frontage_type] => Array
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[roof_material] => Array
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    [senior_community] => No
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[state] => Massachusetts
    [state_code] => MA
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[street_number] => 24
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[style] => Array
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                    [zip] => 02481
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                    [national_association] => 
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[terms] => Array
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[timber_acres] => None
    [title_5] => 
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    [total_gross_income] => 64500
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    [trash_expense] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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            [0] => $0
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[water_views] => Array
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[water_views_features] => Array
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[waterfront] => No
    [waterfront_features] => Array
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[year_built] => 1900
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    [zip] => 02176
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EXIT

Withdrawn

24 W Emerson, Melrose MA 02176

$1

Annual Expenses for 24 W Emerson, Melrose MA 02176

Annual Income & Unit Breakdown for 24 W Emerson, Melrose MA 02176

General Information for 24 W Emerson, Melrose MA 02176

Disclosures for 24 W Emerson, Melrose MA 02176

Financial Information for 24 W Emerson, Melrose MA 02176

Location Information for 24 W Emerson, Melrose MA 02176

Contact Information for 24 W Emerson, Melrose MA 02176

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Saint James Real Estate Advisors, LLC

Lisa DonFrancesco