120-126 Felton St - Apartments FOR SALE


Waltham, MA 02453- Bank Square
$1,900,000 USD
781-776-4000
120-126 Felton St, Waltham, MA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/15
null | 7.09% Cap Rate

120-126 Felton St
Waltham, MA 02453
Bank Square


HIGHLIGHTS

  • Dynamic Waltham Location
  • Value-Add Opportunity
  • Strong Rental Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multi-family investment property located at 120-126 Fenton Street in Waltham, Massachusetts (the “Property”). Located a short walk from Main Street in downtown Waltham, the Property offers unparalleled access to the area’s extensive array of retail, shopping and entertainment amenities and is convenient to both Brandeis University and Bentley University. The location is just 0.4 miles from Waltham MBTA Station with service on the Fitchburg Line to Boston’s North Station and multiple MBTA bus routes. 120-126 Fenton Street offers the rare opportunity to acquire a well-located, well-maintained asset in one of the strongest real estate markets in a region that is poised for future growth. The Property consists of a three-story building with six (6) residential units consisting of one (1), 2-Bedroom/1-Bathroom unit and five (5), 1-Bedroom/1-Bathroom units with 4,428 square feet of living area in 6,274 square feet of gross area on a 0.05-acre parcel. Since it was acquired in 2023, current ownership has completed an extensive renovation of the property including new kitchens and bathrooms in all units, new LVP flooring, in unit laundry, replaced all windows and doors, new roof, new siding, new hot water tanks as well as a new electrical service and added ductless mini splits to all units. The units are separately metered for electricity, electric heat, and electric hot water, which are paid directly by the tenants, with Landlord responsible for common area electric and domestic water and sewer. 120-126 Fenton Street offers the opportunity to acquire a fully leased investment Property in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Property offers excellent access to Downtown Waltham, Interstates 95 & 90, Brandeis and Bentley Universities, and the Waltham and Brandeis/Roberts MBTA Train Stations.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

6

PRICE/UNIT

$316,667

CAP RATE

7.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

-

APN/PARCEL ID

WALT-000059-000037-000001

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.