Sold!
$1,000,000
12
Beds
5/1
Baths
4,079
Living Area
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Property Description
$200K price reduction!! Fully occupied mixed-use investment property in South Waltham with a legal rooming/lodging house license from the City of Waltham. In-place gross monthly rent of $10,500 from 4 apartments - (2) studios, (1) 3 bed/1 bath, (1) 1 bed/ 1 bath - and 5 SRO units; In addition the building contains an owner occupied retail suite, which will be delivered vacant upon sale and can be subdivided back into two separate spaces. The current rent roll does not include future rent from retail suite(s). See attached marketing flyer for additional details. Heavy value-add - building needs work.
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Highlights
- Area: South Waltham
- Property Class: Residential Income
- Total Rooms: 16
- Status: Closed
- Parking Spots: 6
- Property Type: 5+ Family - Rooming House
- Year Built: 1870
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Additional Details
- Basement: Full
- Road Frontage Type: Public
- Total Number of Units: 11
- Year Built Source: Public Records
- Foundation: Stone
- Roof: Shingle
- Year Built Details: Unknown/Mixed
- Zoning: Ra
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Amenities
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,497,800
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $11,050
- Buyer Agent Compensation: 2.0%
- Facilitator Compensation: 1.0%
- Taxes: $17,923
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