Listed at an 8.21% cap rate on current income, 240 Crescent Street consists of 11 residential units with 3 studio units, 3 1-Bedroom/1-Bathroom units and 5 SRO (Single Room Occupancy) units. All units have been renovated with new kitchens and bathrooms as well as updated flooring. Recent capital improvements include renovated common areas as well as a new, asphalt shingle roof. There is on-site laundry for the tenants of the property as well as one parking space. 240 Crescent Street is centrally located on an attractive residential street just seconds from the Charles River and a few blocks from downtown Waltham and Moody Street and its many vibrant shops, restaurants, and bars. The Properties’ central location offers convenient highway access to the major employment centers in Boston, Cambridge, and the Route 128 Technology Corridor. 240 Crescent St can be purchased with 252-254 Crescent St (MLS ID: 73176153)
Listing courtesy of Listing Agent: Dennis Kelleher from Listing Office: Horvath & Tremblay.
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