Listing ID72991168
Price$2,595,000
StatusPending
Bedrooms11
Total Baths11
Full Baths11
SqFt
4,868
Acres
0.140
CountyMiddlesex
Year Built1968
Property TypeResidential Income
Property Sub Type5+ Family - 5+ Units Up/Down
RARE OFFERING IN WALTHAM. 11 STUDIO APARTMENTS IN BRICK/STUCCO BUILDING. GOOD SIZED STUDIOS WITH FULLY APPLIANCED KITCHENS AND FULL BATHS. EASY LOW MAINTENANCE BUILDING. BRIGHT, SUNNY, RENOVATED UNITS. FULLY RENTED WITH EXCELLENT RENTAL HISTORY. UNITS SLIGHTLY UNDER RENTED FOR THE WALTHAM MARKET. POTENTIAL TO INCREASE RENTS FOR ANNUAL GROSS INCOME OF AN ESTIMATED $200,000 PER YEAR. ALL UNITS ARE CURRENTLY TENANT AT WILL. LAUNDRY ON SITE WITH COIN-OPERATED MACHINES FOR ADDITIONAL INCOME. ENERGY EFFICIENT GAS HEAT. WALL-UNIT AIR CONDITIONERS IN EACH UNIT. AMPLE PARKING. CONVENIENT DOWNTOWN LOCATION WITH EASY ACCESS TO TRANSPORTATION, SHOPPING, LIBRARY AND RESTAURANTS. EXCELLENT INVESTMENT OPPORTUNITY.
County
Middlesex
Property Sub Type
5+ Family - 5+ Units Up/Down
Property Type
Residential Income
Year Built
1968
Appliances
Washer, Dryer, Unit 1(Range,Refrigerator,Freezer), Unit 2(Range,Refrigerator,Freezer), Unit 3(Range,Refrigerator,Freezer), Unit 4(Range,Refrigerator,Freezer), Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
Bathrooms Total Decimal
11
Building Area Units
Square Feet
Cooling
1
Cooling Type
Unit 1(Wall AC), Unit 2(Wall AC), Unit 3(Wall AC), Unit 4(Wall AC)
Flooring
Tile,Carpet
Heat Units
1
Heating
1
Heating Type
Unit 1(Hot Water Baseboard,Gas,Unit Control), Unit 2(Hot Water Baseboard,Gas,Unit Control), Unit 3(Hot Water Baseboard,Gas,Unit Control), Unit 4(Hot Water Baseboard,Gas,Individual)
Interior Features
Unit 1(Studio,Bathroom With Tub & Shower), Unit 2(Studio,Bathroom With Tub & Shower), Unit 3(Studio,Bathroom With Tub & Shower), Unit 4(Studio,Bathroom With Tub & Shower)
Laundry Features
Laundry Room, Washer Hookup, Dryer Hookup
Living Area
4868
Heat Zones
11
Rooms Total
12
Stories Total
7
Electric
100 Amp Service
Farm Land Area Units
Square Feet
Foundation Details
Concrete Perimeter
Lot Features
Level
Lot Size Area
0.14
Lot Size Square Feet
6151
Lot Size Units
Acres
Number Of Units Total
11
Open Parking
1
Parking Features
Paved Drive, Off Street
Parking Total
10
Road Frontage Type
Public
Roof
Rubber
Sewage District
MWRA
Sewer
Public Sewer
Utilities
for Electric Range, for Electric Oven, Washer Hookup
Water Source
Public
Window Features
Insulated Windows
Building Area Source
Public Records
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
Country
US
Directions
Lexington Street to School Street
Elementary School
Plympton
High School
Whs
Middle Or Junior School
Mcdevitt
Waterfront
no
Zoning
Business B
Color
TAN
FLRS 2
1
FLRS 3
1
FLRS 4
2
GRE
9913
Lead Paint
Unknown
Levels 1
1
Levels 2
1
Levels 3
1
Levels 4
1
Listing Alert
No
Mls Status
Under Agreement
FLRS 1
1
Offline List Number
3434424
Page
113
SqFt Includes Basement
Yes
Team Member
CN240566
UFFI
No
Year Built Details
Approximate
Year Built Source
Public Records
Buyer Agency Compensation
2.0
Compensation Based On
Gross/Full Sale Price
Disclosure
N
Down Payment Resource
No
Electric Expense
3310
Financial Data Source
Owner
Gross Income
151500
Gross Scheduled Income
4558
Lease 1
Y
Lease 2
Y
Lease 3
N
Lease 4
N
List Price Per SqFt
533.07
Listing Terms
Contract
Net Operating Income
131178
Operating Expense
9913
Price Per SqFt
533.07
Rent Includes
Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water)
Sub Agency Offered
No
Tax Annual Amount
13702
Tax Assessed Value
1230000
Tax Block
002
Tax Book Number
38078
Tax Lot
0008
Tax Map Number
060
Tax Year
2022
Total Actual Rent
13125
Transaction Broker Compensation
2.0
Water Sewer Expense
2043
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