MLS Number 73045366
- Square Feet 21,347
Value-add multifamily investment opportunity is now available for sale in one of Greater Boston's most desirable core rental markets, Waltham, Massachusetts. Charlesbank Garden Apartments features 206 market rate units located on 9.85 acres in a total of 13 detached free-standing buildings with an attractive mix of 76% two-bedroom and 24% one-bedroom units. Family-developed, owned, and operated since the 1950s, Charlesbank Garden Apartments offers the opportunity to reposition units by upgrading the kitchens, baths, paint, and carpet and pass through heat and water to tenants to bring current rents to market, creating a dramatic increase in net operating income.Located just a ½ mile from the Brandeis/Roberts MBTA Commuter Rail Station and minutes from the Route 128/90 Interchange, residents enjoy rapid access to major employment centers throughout the inner 128 and Downtown Boston market.
Listed by Jeremy Cyrier of Mansard Commerical Properties