43 Cypress St - Apartments FOR SALE


Watertown, MA 02472- East Watertown
$2,500,000 USD
305-890-0430
43 Cypress St, Watertown, MA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/47
null | 5.5% Cap Rate

43 Cypress St
Watertown, MA 02472
East Watertown


HIGHLIGHTS

  • Modern 3-unit multifamily property, each unit featuring open-concept layouts with vaulted ceilings and premium finishes.
  • Security features include keyless entry systems and video surveillance.
  • Energy-efficient features: insulated windows and doors, ET irrigation controller.
  • Located near public transportation, shopping centers, parks, and schools.

OVERVIEW

Fully Renovated & Occupied 3-Unit Multifamily Investment Opportunity Building Size: 3,800 SF | 10 Beds | 7 Baths Year Built: 2019 (Gut Renovation) | Lot Size: 6,403 SF Parking: 8 Off-Street Spaces Zoning: T (Three-Family Residential) Cap Rate: ~5.5% (Based on $11,400/mo Gross Rent) Occupancy: 100% Leased Location & Accessibility • Situated in East Watertown, a vibrant neighborhood with a mix of residential and commercial properties. • Proximity to the Arsenal Yards development, offering shopping, dining, and entertainment options. • Accessible via multiple public transit routes, including bus lines 70, 71, and 73. • Nearby schools: Hosmer Elementary (0.2 mi), Watertown Middle School (1.3 mi), Watertown High School (0.6 mi). Property Highlights • Modern 3-unit multifamily property, each unit featuring open-concept layouts with vaulted ceilings and premium finishes. • High-end kitchens equipped with quartz countertops, white shaker cabinets, and stainless steel appliances. • Bathrooms boast heated floors and contemporary tile work. • In-unit washer and dryer hookups for tenant convenience. • Security features include keyless entry systems and video surveillance. • Outdoor amenities: private backyard with fire pit, balconies, and a shared yard space. • Energy-efficient features: insulated windows and doors, ET irrigation controller. • Located near public transportation, shopping centers, parks, and schools. Unit 1 - $4,800 4bed/3bath 1,600 SF Unit 2 - $3,500 3bed/2bath 1,313 SF Unit 3 - $3,100 3bed/2bath 1,313 SF Total $11,400

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$658 USD /SF

# OF UNITS

3

PRICE/UNIT

$833,333

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 family

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

T

APN/PARCEL ID

WATE-001033-000007-000090

ASK ABOUT THIS PROPERTY

Gabrielle LevinLevin Investments IncMore Info
305-890-0430

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Gabrielle LevinLevin Investments IncMore Info
305-890-0430

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