728-732 Moody St Waltham, MA 02453
- Mixed-use properties
- 10,736 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 728-732 Moody St
- Year built
- 1890
- Property size
- 10,736 SF
- Property type
- Mixed-use properties
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a fully occupied, 10-unit mixed-use building situated at 728-732 Moody Street in Waltham, Massachusetts. The property encompasses 10,736 square feet on a 3,846 square foot lot and features eight residential units – five two-bedroom, one-bathroom units and three one-bedroom, one-bathroom units – along with two retail spaces, each approximately 1300 square feet. Built in 1890, this three-story building boasts a current NOI of $183,000 and a pro-forma NOI of $217,000, translating to a current cap rate of 6.80% and a pro-forma cap rate of 8.10%. The asking price is $2,699,000, representing a price per square foot of $251.40. Significant value-add potential exists through market rent increases on the residential units and lease restructuring for the retail spaces to a modified gross arrangement upon lease expiration. The property's prime location, just one mile from the commuter rail, makes it highly attractive to investors seeking a stable, long-term hold or a 1031 exchange opportunity. The building is currently 100% occupied. Financial details are available upon request and execution of a non-disclosure agreement.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waltham
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.2387
- Latitude
- 42.3639
