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$2,000,000
Total Beds: 10 Total Baths: 6
Total Units: 5 SQFT: 4598
LOT size: 0.16 Acres
176-178 Newton St
Waltham, MA 02453
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Property Description

Presenting 176-178 Newton Street, this turnkey, stabilized property consists of 5 residential apartments including (2) 1 bedroom/1 bathroom units, (1) 2 bedroom / 1 bathroom unit, (1) 3 bedroom / 1 bathroom unit, and (1) 3 bedroom / 1.5 bathroom unit w/ private basement. Three units have been substantially updated in recent years including updated kitchens, bathrooms, flooring, and electronic keypad access. Additional building improvements include full repointing of fieldstone foundation, upgraded gas service by National Grid with installation of (5) new unit gas meters, installation of (4) Viessmann and Lochinvar combination boilers, new coin-op laundry services, (2) upgraded electric panels, and upgraded common areas. There is plenty of on-site parking including 8 off-street parking spaces for residents. An ideal investment or 1031 exchange opportunity in a rapidly growing Boston suburb.

Property Details

Building Information

  • Total Units: 5
  • Total Floors: 8
  • Total Bedrooms: 10
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Medical Facility, Public Transportation, Shopping, University
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: No
  • Gross Operating Income: 143359
  • Gross Expenses: 35692
  • Net Operating Income: 108667

Utilities

  • Heat Zones: 5
  • Electric Info: 100 Amps, Circuit Breakers, Other (See Remarks), Other (See Remarks), Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 4 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73225884
  • Last Updated: 05/03/24

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Map

Seller's Representative: Candor Realty Group, Four Points Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 1%
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-03 08:51:00

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