For more information on this property, contact Katya Pitts at 617335-8552 or katya.a.pitts@gmail.com

181 School Street
Waltham, Massachusetts MA 02451
Sold For: $2,500,000
Listing ID 72991168
Status Closed
Bedrooms 11
Full Baths 11
Total Baths 11
SqFt 4,868
Acres 0.140
Year Built 1968

Property Description:

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.

Primary Features

County: Middlesex
Property Sub Type: 5+ Family - 5+ Units Up/Down
Property Type: Residential Income
Year Built: 1968

Interior

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

External

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

Location

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

Additional

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: Sold
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

Financial

Buyer Agency Compensation: 2.0
Compensation Based On: Gross/Full Sale Price
Current Financing: Cash
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: 513.56
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

Zoning Info


Area Info


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