Horvath & Tremblay is pleased to present the exclusive sale of the multi-family investment property located at 22-26 Waltham Street in Maynard, Massachusetts (the “Property”). Centrally located in the heart of Maynard, the Property is in a walkable location directly outside of the city’s downtown and its vibrant shops, dining amenities, and municipal offices. The Property offers convenient access to the area’s downtown retailers and larger shopping centers including Maynard Crossing, a Market Basket anchored shopping center. The South Acton MBTA Station with service on the Fitchburg Line to Boston’s North Station is 2.2 miles away, and the area’s highways offer a convenient commute to both Boston and Worcester. 22-26 Waltham Street offers the rare opportunity to acquire a well-located asset with value-add potential in a strong real estate market that is poised for future growth.
The Property consists of a three-story multi-family building and contains twelve (12), 1-Bedroom/1-Bathroom units with 7,812 square feet of living area in 10,996 square feet of gross area on 0.29-acres of land. The Property is separately metered for electricity, gas-fired heat, and gas-fired hot water, which the tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer. The Property also features an on-site laundry facility and sixteen (16) off-street parking spaces (including 7 tandem spaces) for residents. 22-26 Waltham Street offers the ability to add value to a well-maintained building in an exceptional location. In place rents are below market and the opportunity exists to drive rental rates through programmatic upgrades to the unrenovated units. The Property offers excellent access to Downtown Maynard, MA State Highways, and the South Acton MBTA Train Station.