752 Franklin St, Melrose, MA 02176
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$1,249,000
2 Unit
7 Beds
3 Baths
3713 SQFT
0.18 Acre

Property Description

This grand two-family home blends charm and versatility, featuring a massive owner’s unit and beautifully preserved details like elegant wainscoting, soaring ceilings, and original hardwood floors.The expansive owner’s unit spans the 2nd and 3rd floors, offering 5 bedrooms, 2 full baths, a formal dining room, a bright living room, and a charming three-season porch with stained glass picture window. Large windows allow natural light to pour in, creating a warm, inviting atmosphere.The first-floor unit equally impressive, with 2 bedrooms, 1 bath, a formal dining room, a living room, a sun porch, and a private entrance. Both units share a large basement for ample storage, and the home features newer high-efficiency heating systems with separate utilities.This is a fantastic investment with projected rents of $6,600+ per month, or perfect for an end user seeking single-family-style living with the first-floor unit providing income to help subsidize costs.Prime Melrose Highlands location

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Total Fireplaces: 1
  • Amenities: Park, Public Transportation, Shopping, Tennis Court, T-Station
  • Basement Features: Full, Garage Access
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Interior Features: Ceiling Fans, Tile Floor
  • Common Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Common Heating: Active Solar, Electric Baseboard, Extra Flue, Gas, Heat Pump, Hot Water Radiators
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 33600
  • Net Operating Income: 33600

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1880
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Certified Treated, Yes
  • Warranty: No

Other Information

  • MLS ID# 73300757
  • Last Updated: 10/15/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/14/2024Active$1,249,000$336MLSPIN
10/10/2024New$1,249,000$336MLSPIN

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Seller's Representative: The Mary Scimemi Team, Leading Edge Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-10-15 13:17:00

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