550-570 Cherry St Waltham, MA 02453

Property Details for 550-570 Cherry St

Year built

2017

Lot size

0.80 lot acres

Property size

35,174 SF

Property type

Mixed-use properties

Property subtype

Apartment buildings

Description

This exceptional mixed-use property, Kirsch Place, presents a compelling investment opportunity in the thriving city of Waltham, Massachusetts. Completed in 2017, this meticulously maintained complex comprises six buildings totaling 35,174 square feet situated on a 0.8-acre lot. The property boasts 23 units, including 18 residential units (12 featuring two bedrooms and 1.5 bathrooms, and 6 with two bedrooms and one bathroom) and five ground-floor retail spaces. All residential units are equipped with in-unit washer/dryer hookups, gas heating, and central air conditioning. The property benefits from municipal water and sewer services and a comprehensive dry sprinkler system. Ample off-street parking is available with 45 spaces, including deeded spots for commercial tenants. The property's prime location directly on Moody Street ensures high visibility and accessibility. Consistent near-full occupancy over the past seven years demonstrates strong rental demand and stable cash flow. The property's zoning is designated as BUSINESS A, offering flexibility for future development or expansion. This turnkey investment presents a rare opportunity to acquire a well-maintained, high-performing mixed-use property in a desirable location. The three-story buildings offer a blend of residential comfort and commercial viability, making it an attractive proposition for discerning investors seeking a stable and appreciating asset. The property's strong performance history and prime location make it an ideal addition to any portfolio.

Location Insight

City

Waltham

County

Middlesex

State

Massachusetts

Longitude

-71.238

Latitude

42.3667