Great location just steps to Middle and High School. Easy access to Lynn Fells Parkway, and route 93 N/S. House needs updating, but newer roof, two newer furnaces, separate utilities, rear decking and stairs newly stained 2024. nice patio next to large shed, and perennials m...
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Last Updated: April 5th, 2025 at 4:48am
Gross Income: $30,000
Gross Expenses: $7,574
Net Income Calc: $22,426
CAP Rate: 2.64%
Annual Expenses for 24 Otis St, Melrose MA 02176
Total Gross Expenses (Calculated)$7,574/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$7,574
Annual Income & Unit Breakdown for 24 Otis St, Melrose MA 02176
Total Gross Income (Calculated)$30,000
Unit 1
Rental Income1300
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
Unit 2
Rental Income1200
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
General Information for 24 Otis St, Melrose MA 02176
Listing ID73352448
Property TypeMulti Family
Price$849,900 ($391.3/SqFt)
Style
CityMelrose
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,172 SqFt
Approximate Lot Size (Acres)0.11 acres
Total Parking3
Garage Parking
Year Built1920
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceDeck - Wood, Porch
ZoningURA
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy FeaturesInsulated Windows
Terms
Interior Features for 24 Otis St, Melrose MA 02176
Disclosures for 24 Otis St, 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$30,000
Total Net Income By Broker$30,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation2%
Sub-Agent Compensation
Compensation Based On
Location Information for 24 Otis St, Melrose MA 02176
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Conservation Area, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Private School, Sidewalks
Contact Information for 24 Otis St, Melrose MA 02176