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Multifamily

210 High Street

210 High St, Waltham, MA 02453

Listing Price: $2,750,000

Cap Rate
4.42%
Number of Units
11
Price/Unit
$250,000
Price/Gross SF
$341.02
Gross SF
8,064

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire an 11 unit multifamily building located in Waltham, Massachusetts. The property is comprised of (12) one bedroom, one bathroom units. There are 16 parking spaces in the parking lot. The property provides investors with a value-add opportunity by increasing current rents to market levels. The city of Waltham is densely populated suburb approximately 10 miles west of Boston. The city has seen an influx of multi-family and mixed-use development Such as The Merc at Moody & Main, Waltham Landing, and The Edison Apartments. These new developments have set the tone for extremely strong rent growth across all apartment classes. Demand for apartments is driven by two highly regarded universities in Brandeis University and Bentley University as well as the booming office/tech park developments along Route 128.

Investment Highlights

  • 11 unit multifamily located in Waltham, Massachusetts.
  • Located near MBTA Commuter Rail, Bentley University and Brandeis University.
  • Value-add opportunity by increasing current rents to market levels.

Exclusively Listed By

Listing Price: $2,750,000

Cap Rate
4.42%
Number of Units
11
Price/Unit
$250,000
Price/Gross SF
$341.02
Gross SF
8,064

Investment Highlights

  • 11 unit multifamily located in Waltham, Massachusetts.
  • Located near MBTA Commuter Rail, Bentley University and Brandeis University.
  • Value-add opportunity by increasing current rents to market levels.

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire an 11 unit multifamily building located in Waltham, Massachusetts. The property is comprised of (12) one bedroom, one bathroom units. There are 16 parking spaces in the parking lot. The property provides investors with a value-add opportunity by increasing current rents to market levels. The city of Waltham is densely populated suburb approximately 10 miles west of Boston. The city has seen an influx of multi-family and mixed-use development Such as The Merc at Moody & Main, Waltham Landing, and The Edison Apartments. These new developments have set the tone for extremely strong rent growth across all apartment classes. Demand for apartments is driven by two highly regarded universities in Brandeis University and Bentley University as well as the booming office/tech park developments along Route 128.

Exclusively Listed By

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