46-48 Waverly PlMelrose, MA 02176

Property Details for 46-48 Waverly Pl

Year built

1900

Property type

Residential income properties

Property subtype

Residential income homes

Description

Brad Carlson of New England Realty Advisors LLC is pleased to present the Waverly Place Apartments for sale in Melrose, Massachusetts. This 7-unit multifamily property consists of (7) One-bedroom apartments with (8) off-street parking spaces for tenants to use. This asset is located directly next to the Wyoming Hill MBTA station which makes it very convenient for tenants who are commuting into the city for work or fun. This is the first time the property has been on the market in over 26 years. The rents are currently 40% below market rate, investors have the opportunity to add value through upgrading units and hallways to a more modern look and raising rents to market rate. All interested parties will have the opportunity to obtain additional information upon request. Waverly Place Apartments is conveniently located in Melrose, Massachusetts. Melrose is a charming city nestled just north of Boston. It offers a blend of small-town charm and urban convenience. This property is located directly next to the Wyoming Hill MBTA Commuter rail station, which makes it a 10-15-minute train ride into North Station. Boston Logan International Airport is located just 11.5 miles away as well as I95 which is only 2.6 miles away making traveling very accessible for tenants. The property is also close to restaurants and bars in downtown Melrose.

Location Insight

City

Melrose

County

State

Massachusetts

Latitude

42.451

Longitude

-71.0688

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