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71 Francis Street

Waltham, MA 02452
  • $2,595,000
  • STATUS: Active
  • MLS #: 72918914
UPDATED: 75 min ago
$2,595,000
  • 12
    BEDS
  • 0.29
    ACRES
  • 7
    BATHS
  • 1
    1/2 BATHS
  • 6,172
    SQFT
  • $420
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Whs
Listing courtesy of Glenna Gelineau of Gelineau & Associates, R.E..

Description

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.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-12-05T14:07:56.813.
www.parrottrealtygroup.com/homes/123205742
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71 Francis Street Waltham, MA 02452

  • Price: $2,595,000
  • Status: Active
  • On Site: Days
  • Updated: 75 min ago
  • MLS #: 72918914
12
Beds
7
Baths
1
½ Baths
0.29
Acres
6,172
SQFT
$420
$/SQFT
1900
Built
Neighborhood:
Other
County:
Middlesex
Area:
Other
Elementary School:
Plympton
Middle School:
Mcdevitt
High School:
Whs
Property Description
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.
Exterior Features

Beachfront No Color Green Construction Frame Exterior Aluminum Exterior Features GuttersProfessional LandscapingScreens Foundation Fieldstone Lot Description CornerPaved DriveLevel Parking Features Off-Street Parking Spaces 12 Road Type Public Roof Material Rubber Waterfront Flag No Waterview Flag No

Interior Features

Appliances Unit1 RangeRefrigerator Appliances Unit2 RangeRefrigerator Appliances Unit3 RangeRefrigerator Appliances Unit4 RangeRefrigerator Basement Yes Basement Features FullWalk OutInterior Access Bedrooms Unit1 1 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Cooling Unit1 None Cooling Unit2 None Cooling Unit3 None Cooling Unit4 None Cooling Units 0 Cooling Zones 0 Energy Features Storm WindowsStorm Doors Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring Hardwood Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 1 Heat Units 7 Heat Zones 7 Heating Unit1 Hot Water BaseboardGas Heating Unit2 Hot Water BaseboardGas Heating Unit3 Hot Water BaseboardGas Heating Unit4 Hot Water BaseboardGas Hot Water Natural Gas Interior Features Unit1 Hardwood Floors Interior Features Unit2 Cable Tv AvailableHardwood Floors Interior Features Unit3 Cable Tv AvailableHardwood Floors Interior Features Unit4 Cable Tv AvailableHardwood Floors Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 19 Rooms Description Unit1 Living RoomKitchen Rooms Description Unit2 Living RoomKitchen Rooms Description Unit3 Living RoomKitchen Rooms Description Unit4 Living RoomKitchen Rooms Unit1 3 Rooms Unit2 4 Rooms Unit3 4 Rooms Unit4 4

Property Features

Adult Community No Amenities Public TransportationShoppingHighway AccessPublic SchoolUniversity Apod Available No Assessments 1374600.00 Disclosure No Electric Features 100 Amps Expenses Source Estimated Gross Operating Income 106200 Lead Paint Unknown Lease Unit1 N Lease Unit2 N Lease Unit3 N Lease Unit4 N Lender Owned No Lot 0028 Multifamily Type 5-9 Family Net Operating Income 82820 Rent Description Unit1 Water Rent Description Unit2 Water Rent Description Unit3 Water Rent Description Unit4 Water Rent Unit1 850 Rent Unit2 1300 Rent Unit3 1300 Rent Unit4 1500 Sewage District Mwra Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2021 Taxes 15560.00 Terms Contract For Deed UFFI No Utility Connections For Gas RangeFor Electric DryerWasher Hookup Warranty No Water City/Town Water Year Built Description Approximate Year Built Source Public Record Year Round Yes Zoning Res B

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Glenna Gelineau of Gelineau & Associates, R.E..


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-12-05T14:07:56.813.
 
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Parrott Realty Group | Keller Williams Gateway Realty
20 Trafalgar Square
Nashua NH, 03063
Listing courtesy of Glenna Gelineau of Gelineau & Associates, R.E..