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550-570 Cherry StWaltham, MA 02453

23-Unit Multifamily & Retail Complex

Overview

Added:
Dec 11, 2024
Days on market:
124
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.

Highlights

  • Prime Moody Street, Waltham location.
  • Mixed-use property with 18 residential units (12 two-bed, 1.5-bath; 6 two-bed, 1-bath) and 5 retail spaces.
  • 2017 construction, consistently near full occupancy.
  • 35,174 square feet across six buildings on a 0.8-acre lot.
  • 45 off-street parking spaces, including deeded spots for commercial tenants.
  • All residential units feature in-unit washer/dryer, gas heating, central AC, and municipal water/sewer.

Property Details for 550-570 Cherry St

Property type
Mixed-use properties, Apartment buildings
Square Feet
35,174 SF
Year Built
2017
Buildings
6
Stories
3
Lot Size (sq. ft)
34,848 SF
Units
23

Location Insight

City
Waltham
County
Middlesex
State
Massachusetts
Latitude
42.36672756
Longitude
-71.237984
550-570 Cherry St, Waltham, Massachusetts

FAQs

What type of property is this?
Mixed-use property - 23-Unit Multifamily & Retail Complex
Where is the mixed-use property located?
The property is located at 550-570 Cherry St Waltham, MA.
What are key features of this property?
This property features: Prime Moody Street, Waltham location.; Mixed-use property with 18 residential units (12 two-bed, 1.5-bath; 6 two-bed, 1-bath) and 5 retail spaces.; 2017 construction, consistently near full occupancy.
How can I contact the broker?
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550-570 Cherry St
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