11 Waverly Place Melrose MA 02176 | 72813919

This rare two-family property offers the opportunity for condo conversion! It sits on a large lot with plenty of parking space and prime downtown location moments to both Purple and Orange line, shops and restaurants. Great opportunity for investors and ideal investment property for owner suite with rental income unit. Property needs to get some refreshment but it is in great shape and some updates have been done to the property, such as upgraded electrical with separate panel for both units, new furnace for unit #2 with open floor plan concept. Unit#1 is occupied with tenant at will.

Property Details

Price:
$629,900 / $650,000
MLS #:
72813919
Status:
Closed ((Jun 1, 2021))
Beds:
3
Baths:
2
Address:
11 Waverly Place
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Melrose
Listed Date:
Aug 6, 2022
State:
MA
Finished Sq Ft:
1,687
ZIP:
02176
Lot Size:
6,891 sqft / 0.16 acres (approx)
Year Built:
1880

Schools

Elementary School:
Hoover
Middle School:
Melrose Middle
High School:
Melrose High

Interior

Appliances
Unit 1( Range, Dishwasher, Refrigerator, Washer, Dryer), Unit 2( Range, Dishwasher, Refrigerator)
Bathrooms
2 Full Bathrooms
Fireplaces Total
1
Flooring
Wood, Unit 1(undefined), Unit 2( Wall to Wall Carpet)
Heating
Unit 1( Oil), Unit 2( Gas)

Exterior

Community Features
Public Transportation, Shopping, Walk/ Jog Trails, T- Station
Construction Materials
Stone
Exterior Features
Deck, Garden Area, Unit 1 Balcony/ Deck
Parking Features
Paved Drive, Off Street, Tandem
Roof
Other

Financial

Buyer Agent Compensation
2%
Net Operating Income
$18,000
Tax Year
2021
Taxes
$6,488

Map

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