EXCELLENT INVESTMENT OPPORTUNITY! SEVEN (7) Residential units. Highly desirable downtown Waltham locale. Buildings are in good condition, well maintained and afford an excellent rental history. 7 units, 2 buildings, property is comprised of a 6 unit building and a single family on one lot with ample parking. The six unit consists of two (1) bedroom units and four (2) bedroom units..the single family consists of 5 rooms with (2) bed rooms. All Separate gas heat and electric. All apartments are currently TAW and are currently rented far below market. With an increase to the current rents of 40% - 50% there is potential for a 6% cap rate and still remain within current market rents for the City of Waltham. There is potential of bringing the monthly rent to $13,000+-. Excellent condo conversion potential. A rare offering in highly sought after Waltham. Prime convenient location, walk to shopping, restaurants and transportation.
Agent: Glenna Gelineau Office: Gelineau & Associates, R.E.
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