26 Waltham St - Multi-Family FOR SALE


Maynard, MA 01754
$2,200,000 USD
781-776-4000
26 Waltham St, Maynard, MA for Sale
$2,200,000 USD
Multi-Family - FOR SALE
1/14
null | 6.46% Cap Rate

26 Waltham St
Maynard, MA 01754


HIGHLIGHTS

  • Value-Add Opportunity
  • Dynamic Maynard Location
  • Strong Demographics

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

12

PRICE/UNIT

$183,333

CAP RATE

6.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

MAYN-000015-000000-000325

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 Notice.