61 Dartmouth St - Apartments FOR SALE


Waltham, MA 02453- Bank Square
$2,550,000 USD
781-776-4000
61 Dartmouth St, Waltham, MA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/14
null | 6.26% Cap Rate

61 Dartmouth St
Waltham, MA 02453
Bank Square


HIGHLIGHTS

  • Dynamic Waltham Location
  • Transit Oriented Location
  • Well-Located Asset with Value-Add Opportunity

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 61 Dartmouth Street in Waltham, Massachusetts (the “Property”). Located just off South Street next to Nipper Maher Park, the Property is situated directly between Brandeis University and Downtown Waltham. The location offers unparalleled access to the area’s extensive array of retail, shopping and entertainment amenities and is 0.9 miles from Waltham MBTA Station with service on the Fitchburg Line to Boston’s North Station. 61 Dartmouth offers the rare opportunity to acquire a well-located asset with value-add potential 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), 4-Bedroom/3-Bathroom unit, one (1), 4-Bedroom/1- Bathroom unit, two (2), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units with 7,087 square feet of living area in 10,382 square feet of gross area on a 0.11-acre parcel. The Property also features an on-site laundry facility and tandem off-street parking. 61 Dartmouth Street has been well-maintained throughout ownership and has been subject to significant capital improvements, including renovations to the roof, siding, and many of the windows, the building has been sprinklered, driveway areas have been paved, and two of the units have been fully renovated. 61 Dartmouth 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 four unrenovated units. The Property offers excellent access to Downtown Waltham, Interstates 95 & 90, Brandeis University, and the Waltham and Brandeis/Roberts MBTA Train Stations.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

6

PRICE/UNIT

$425,000

CAP RATE

6.26%

% LEASED

-

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

1

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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