$2,500,000
$2,595,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
181 School Street Waltham, MA 02451
11 Beds
11 Baths
4,868 SqFt
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 4,868 sqft
Price per Sqft $513
MLS Listing ID 72991168
Sold Date 04/07/23
Bedrooms 11
Full Baths 11
Year Built 1968
Annual Tax Amount $13,702
Tax Year 2022
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type 5+ Family - 5+ Units Up/Down
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.
Location
State MA
County Middlesex
Zoning Business B
Direction Lexington Street to School Street
Interior
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)
Heating 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)
Cooling Unit 1(Wall AC), Unit 2(Wall AC), Unit 3(Wall AC), Unit 4(Wall AC)
Flooring Tile, Carpet
Appliance 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
Laundry Laundry Room, Washer Hookup, Dryer Hookup
Exterior
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
Utilities Available for Electric Range, for Electric Oven, Washer Hookup
Roof Type Rubber
Total Parking Spaces 10
Garage No
Building
Lot Description Level
Story 7
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Plympton
Middle Schools Mcdevitt
High Schools Whs
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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Bought with Nicole Shanley • Gelineau & Associates, R.E.
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