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listing
1 of 42
MultifamilySold
List Price $2,750,000
Sold Price $2,900,000
11 Hammond Street
Waltham, MA 02451
Listed by: Charles Petitti from Coldwell Banker Realty - Newton, (617) 969-2447
MLS Property Information Network
19Beds
10Baths
15,926Sq Ft
Est. Mortgage
$14,295/mo

HISTORIC ROADSIDE INN " THE PROSPECT HOUSE" RELOCATED TO HAMOND STREET IN 1909 AND CONVERTED AS AN APARTMENT HOUSE, THIS BUILDING HAS NINE APARTMENTS (8 TWO BEDROOMS & 1 THREE BEDROOM), ALL SEPERATE HEAT & ELECTRIC SYSTEMS, TENANTS PAY THEIR OWN UTILITIES, A GREAT CONDO CONVERSION POTENTIAL WITH POTENTIAL SELL OUT OF $8,233,700.00 (15,926SF @ $517.00 PSF AVERAGE) WITH BONUS ATTIC AND BASEMENT SPACE PUBLIC RECORDS SHOW TOTAL AREA OF 15,926 SF,OR JUST KEEP IT AS A GREAT CASH COW CURRENTLY GENERATING AN OVER 6% CAP RATE OF $168K ANNUAL INCOME !!!!!!! BUILDING IS FULLY LEASED OUT WITH ALL LEASES TO EXPIRE IN AUGUST 2021******* SEE ATTACHED DOCUMENT "WALTHAM CONDOMINIUM COMPRABLE SALES" PROFORMA FOR VERIFICATION OF CONDOMINIUM "POTENTIAL SELL OUT " PRICES...ALSO SEE ATTACHED "RENTAL INCOME & EXPENSE DOCUMENT FOR LEASES INFORMATION, MONTHY RENTAL INCOME & EXPENSES.

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Information courtesy of Coldwell Banker Realty - Newton is subject to verification and is not guaranteed.
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