2 Wellington Ave, Waltham, MA 02453
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$849,999
2 Unit
5 Beds
2 Baths
2385 SQFT
0.07 Acre

Property Description

Discover this charming two-family home in Waltham, brimming with rental potential. While the property could benefit from some updates, it offers a fantastic opportunity for investors seeking a good cap rate. The home features spacious four-bedroom and one-bedroom units, perfect for generating steady rental income. Enjoy the convenience of nearby public transportation, shopping, highways, universities, and more. With parking for up to 2 cars, this property offers comfort and practicality. Located near the Fitchburg Commuter Rail line, commuting to Boston and other nearby towns is a breeze.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Amenities: Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Walk Out
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub, Tile Floor
  • Common Appliances: Range, Refrigerator, Washer & Dryer Hookup, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 60000
  • Gross Expenses: 8176
  • Water/Sewer: 1000
  • INSC: 4176
  • Repairs & Maintenance: 3000
  • Net Operating Income: 51824

Utilities

  • Utility Connections: for Electric Oven, for Electric Range, for Gas Oven, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1895
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73298878
  • Last Updated: 11/11/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/02/2024Active$849,999$356MLSPIN
10/29/2024Price Change$849,999$356MLSPIN
10/20/2024Active$899,999$377MLSPIN
10/16/2024Price Change$899,999$377MLSPIN
10/08/2024Active$949,999$398MLSPIN
10/04/2024New$949,999$398MLSPIN

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Seller's Representative: Lizbeth Valerio, Keller Williams Realty Evolution
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-11-11 12:23:00