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Glenna Gelineau & Siobhan Cosby Represent Sale Of Waltham Multifamily For $1.765M

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SOLD
$1,765,000

Massachusetts

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MultiFamily12,044 SF
Sold 09/12/2024
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Property Image
SOLD

Glenna Gelineau & Siobhan Cosby Represent Sale Of Waltham Multifamily For $1.765M

147 Adams Street & 151 Adams Street

See Similar Deals
MultiFamily12,044 SF
Sold 09/12/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$146
Total Square Footage:12,044 SF
Transaction Type:Sale

A six-unit multi-family property located at 147-151 Adams Street in Waltham, MA, has been sold for $1,765,000. The building spans 6,022 square feet and is situated on a 4,069-square-foot lot. This property, built in 1900, offers a 7% cap rate based on its current net income, with separate utilities and all leases operating on a month-to-month basis.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,765,000
  • Units: 6
  • Price Per Unit: $294,167
  • Total Square Footage: 6,022
  • Price Per Square Foot: $293

The transaction was facilitated by Glenna Gelineau and Siobhan Cosby, representing Gelineau & Associates R.E. in the deal.

Players

9 deals$16.5M volume
BROKER

Details

SOLD
IMAGE: Glenna Gelineau DATE: 09/12/2024 ADDRESS: 147-151 Adams Street MARKET: Waltham, MA ASSET TYPE: MultiFamily BROKERS: Glenna Gelineau & Siobhan Cosby (@Siobhan_Homes) - Gelineau & Associates R.E. SALE PRICE: $1,765,000 UNITS: 6 ~ PPU: $294,167 SF: 6,022 ~ PPSF: $293 NOTE: A six-unit multi-family property at 147-151 Adams St, Waltham, MA, built in 1900, is listed for $1,765,000. The 6,022-square-foot building, on a 4,069-square-foot lot, offers a 7% cap rate based on current net income, with separate utilities and all leases on a month-to-month basis.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$94,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,270.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,367.00
Annual Debt Service$100,404.01