Seller's Agent in 2022
Glenna Gelineau
Gelineau & Associates, R.E.
(781) 710-1749
13 in this area
72 Total Sales
71 Francis St Waltham, MA 02451
Bank Square Neighborhood
12
Beds
7.5
Baths
6,172
Sq Ft
0.29
Acres
Highlights
- 0.29 Acre Lot
- Property is near public transit
- Corner Lot
- Landscaped Professionally
- Wood Flooring
- Storm Windows
About This Home
As of March 2022EXCELLENT 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,560
Year Built
- Built in 1900
Lot Details
- 0.29 Acre Lot
- Landscaped Professionally
- Corner Lot
- Level Lot
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 6,172 Sq Ft Home
- Window Screens
- Wood Flooring
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 12 Bedrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Home Security
- Storm Windows
- Storm Doors
Parking
- 12 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Schools
- Plympton Elementary School
- Mcdevitt Middle School
- WHS High School
Utilities
- No Cooling
- 7 Heating Zones
- Heating Available
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $8,850
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Legal Lot and Block 0028 / 033
- Assessor Parcel Number 833865
Community Details
Overview
- 7 Units
- Property has 1 Level
Additional Features
- Shops
- Net Operating Income $82,820
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2022 03/31/22 | Sold | $2,400,000 | -7.5% | $389 / Sq Ft |
| 01/21/2022 01/21/22 | Pending | -- | -- | -- |
| 11/11/2021 11/11/21 | For Sale | $2,595,000 | -- | $420 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Glenna Gelineau
-
Nicole Shanley
Seller Co-Listing Agent in 2022
Nicole Shanley
Gelineau & Associates, R.E.
(781) 697-0288
11 in this area
51 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72918914
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