This Property is No Longer Available
147-151 Adams Street, Waltham, MA 02453
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$1,765,000
*Sale Price
6 Unit
13 Beds
8 Baths
6022 SQFT
0.09 Acre

Property Description

Excellent investment opportunity. Six unit multi-family dwelling. Currently fully rented. All leases are tenant at will. Separate gas heating systems and separately metered electric. Great rental history. Prime convenient location. Easy access to shopping and transportation. Short walk to Waltham's popular Moody Street. New rear deck. Listed at a 7% Cap Rate on current net income.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 7
  • Total Bedrooms: 13
  • Total Full Baths: 6
  • Total Half Baths: 2
  • Amenities: Highway Access, Laundromat, Park, Public School, Public Transportation, Shopping, University, Walk/Jog Trails
  • Basement Features: Finished, Full, Other (See Remarks), Unfinished Basement
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 154980
  • Gross Expenses: 24392
  • Electric Expenses: 380
  • Water/Sewer: 2900
  • INSC: 4560
  • Net Operating Income: 130588

Utilities

  • Heat Zones: 6
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows, Storm Windows
  • Utility Connections: for Gas Oven, for Gas Range, Varies per Unit
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73251334
  • Last Updated: 09/12/24
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/12/2024Sold$1,765,000$293MLSPIN
08/28/2024Under Agreement$1,849,000$307MLSPIN
07/14/2024Active$1,849,000$307MLSPIN
07/10/2024Price Change$1,849,000$307MLSPIN
06/16/2024Active$1,869,000$310MLSPIN
06/12/2024New$1,869,000$310MLSPIN
03/27/2024Expired$1,990,000$330MLSPIN
01/30/2024Temporarily Withdrawn$1,990,000$330MLSPIN
01/08/2024Active$1,990,000$330MLSPIN
01/04/2024Price Change$1,990,000$330MLSPIN
12/16/2023Active$1,995,000$331MLSPIN
12/12/2023Price Change$1,995,000$331MLSPIN
12/04/2023Active$2,019,000$335MLSPIN
11/30/2023Price Change$2,019,000$335MLSPIN
11/13/2023Active$2,045,000$340MLSPIN
11/09/2023Price Change$2,045,000$340MLSPIN
10/31/2023Active$2,095,000$348MLSPIN
10/27/2023New$2,095,000$348MLSPIN

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Seller's Representative: Glenna Gelineau, Gelineau & Associates, R.E.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 1.0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-09-12 10:19:00

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