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Prepared for : Jan-23-2021 08:40:06 am
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536 Lebanon St
Melrose, MA. 02176-3523
Middlesex County
Directions:
Main St(south Bound) To Lebanon St. Main St(north Bound) To East
Emerson St To Lebanon St.
MLS # 72759020
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Active
Multi-Family 2 Family - 2 Units Up/Down
| List Price |
$929,000 |
Days on Market |
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| List Date |
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# Units |
2 |
| Sale Price |
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# Floors |
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| Sold Date |
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Rooms |
13 |
| Assessed Value |
$532,200 |
Bedrooms |
2 |
| Gross Living Area |
1,572SF |
Full Baths |
1 |
| Lot Size |
5,009SF |
Half Baths |
1 |
| Taxes |
$5,880.81 |
Fireplaces |
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| Tax Year |
2020 |
Basement |
Yes |
| Zoning |
BD |
Waterfront |
No |
| Est. Street Front |
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Beach Nearby |
No |
| Year Built |
1855 |
Parking Spaces |
2 |
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Garage Spaces |
0 |
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Remarks:
Fantastic Mix-Use opportunity for a small firm to re-locate to Melrose MA. Consistently voted one of the top towns in MA. Located directly across from Melrose/Wakefield Hospital and an easy walk to downtown and Commuter Rail. First floor office suite is perfect for Doctor/Dentist/Accountant/Lawyer/Real Estate firm. Handicap accessible first floor features includes 3 private office spaces, kitchenette, 1/2 bath and reception area, also a finished basement area that could be additional space. Was used as a medical office space in the past but could be perfect for any number of professions. Short walk to Commuter Rail to North Station. Ample parking in rear of building. Second floor 2Bed/1Bath residential unit provides additional income to help reduce expenses. Currently rent to long term tenants at $2100/month. Expansion opportunity into third floor attic space for a duplex unit. Possible condo conversion opportunity with basement and attic being partially finished. Two duplex unit
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| Features |
Amenities Public
Transportation,
Shopping, Golf Course,
Medical Facility,
Highway Access, Public
School, T-Station
Basement Full,
Partially Finished, Walk
Out, Interior Access,
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Sump Pump, Concrete
Floor
Construction Frame
Cooling Zones 5
Electricity 220 Volts
Energy Insulated Windows
Exterior Vinyl
Exterior Feat. Porch
Flooring Wood, Tile,
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Vinyl, Varies Per Unit
Foundation Poured
Concrete
Hot Water Natural Gas
Lead Paint Unknown
Lot Paved Drive, Shared
Drive, Gentle Slope
Parking Off-Street
Road Public
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Roof Asphalt/Fiberglass
Shingles
Sewer / Water City/Town
Sewer, City/Town Water
Utility Connections for
Electric Range, Washer
Hookup
Warranty No
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| Units |
Unit 1
Cooling: Wall AC, 3 or More, Unit Control, Ductless Mini-Split System; Floor: 1; Half Baths: 1;
Heating: Hot Water Baseboard, Gas; Lease: No; Levels: 2; Rooms: 8
Unit 2
Appliances: Dishwasher, Countertop Range, Refrigerator, Washer, Dryer; Bedrooms: 2; Cooling:
Wall AC, Ductless Mini-Split System; Floor: 2; Full Baths: 1; Heating: Unit Control, Wall Unit,
Ductless Mini-Split System; Interior: Cable TV Available, Hardwood Floors, High Speed Internet
Hookup, Upgraded Cabinets, Upgraded Countertops; Lease: Yes; Levels: 2; Rent: 2100; Rent Includes:
Hot Water; Rooms: 5; Rooms Desc.: Living Room, Kitchen, Loft
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| Financial Info |
Expenses Source Estimated,
Owner Provided, Limited
Information
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Gross Oper. Income $25,200
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Net Oper. Income $25,200
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| Additional Information |
APOD Available? No
Adult Community No
Deed Book: 30738, Page:
587
Disclosures Seller
operated business in
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office space for 20yrs.
Office space is now
unused. Covid protocols
required during showings.
Buyer(s) must do their
own due diligence as to
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zoning and permitted use.
Foreclosure No
GLA Source Public Record
Parcel # M:0D8 P:0000022
Seller Disclosure Doc
Yes
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Short Sale No
Terms Contract for Deed
Year Built Desc.
Approximate
Year Built Source Public
Record
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Property Last Updated by Listing Office: 11/22/20 3:05am
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Courtesy: MLSPIN
Listing Office: RE/MAX Unlimited
Listing Agent: John McMillan
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The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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