Property Description

Welcome to 58 Melrose Avenue, a solid all-brick four-unit apartment building nestled on a quiet, tree-lined street in East Lansdowne. This well-maintained property presents an excellent opportunity for both seasoned investors and those looking to expand their portfolio with a value-add asset. With one unit currently occupied, the building offers immediate income while leaving room to renovate, reposition, and bring rents up to full market value. Each of the four units features separate utilities, including individual heating systems, electric, and hot water heaters, providing efficiency and convenience for both owner and tenants. The property also includes a spacious three-car detached garage, creating an additional income stream, along with off-street parking that comfortably accommodates all four tenants while still allowing easy access to the garages. The basement adds even more potential, offering designated storage bins for each unit and ample space to install coin-operated laundry, another opportunity to increase cash flow. Whether you're looking to enhance the existing units with light TLC or fully maximize the property's income potential, 58 Melrose Avenue delivers a rare combination of location, structure, and upside. Don’t miss your chance to invest in a versatile, income-producing property with multiple revenue streams and long-term growth potential. Property being sold As-Is!

Property Features

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