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Expired

345-405 Pleasant St, Watertown MA 02472

$29,975,000

Estimated $65,147.49/month Calculator

Multi Family

Total Units: 53

Price Per Unit: $565,566.04

Total Rent: 66000/year

Estimated CAP Rate: -0.44%

74 Bedrooms

74 Full, 11 Half Baths

69,613 SqFt

Total Parking: 92

71,512 SqFt

Introducing The Aver, a rare new construction four building apartment community on over 1.6 acres of land in one of Greater Boston's most desirable towns. Watertown is home to major life science developments as well as the Arsenal Yards retail, restaurant, office and entertainment complex. This location provides quick access to Boston and Cambridge educational and science hubs. The subject property comprises 53 units (and ideal unit mix with over 75% being 2 bedroom or 3 bedroom units) of high-end residential rentals with most units offering multiple bedrooms. Easily rentable with open floor plans, many with duplex layouts and incredible high ceilings. Also includes one larger commercial space. Buses to Newton, Boston and Cambridge are at the front door. A prime investment opportunity in one of Greater Boston's premir rental markets.

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 12:56am (Source: MLS PIN #73078191)

Gross Income: $66,000

Gross Expenses: $198,518

Net Income Calc: $132,518

CAP Rate: -0.44%

Annual Expenses for 345-405 Pleasant St, Watertown MA 02472

Total Gross Expenses (Calculated)$198,518/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$198,518

Annual Income & Unit Breakdown for 345-405 Pleasant St, Watertown MA 02472

Total Gross Income (Calculated)$66,000

Unit 1

Rental Income$3,050

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,450

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 345-405 Pleasant St, Watertown MA 02472

Listing ID73078191

Property TypeMulti Family / 5+ Family

Price$29,975,000 ($430.59/SqFt)

Style5-9 Family

CityWatertown

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total69,613 SqFt

Approximate Lot Size (Acres)1.64 acres

Total Parking92

Garage Parking

Year Built2023

Year Built SourceBuilder

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningPSCD

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 345-405 Pleasant St, Watertown MA 02472

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureApproximate and includes 9,000 +/- sf of gorgerous

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$66,000

Total Net Income By Broker$66,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation0.5

Facilitator Compensation0.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 345-405 Pleasant St, Watertown MA 02472

Real Estate Taxes$198,518

Tax Year2023

Assessed Value$13,871,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$66,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$66,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.44%

Location Information for 345-405 Pleasant St, Watertown MA 02472

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Shopping, Medical Facility, Public Transportation

Contact Information for 345-405 Pleasant St, Watertown MA 02472

Agent

Name: Todd Glaskin

Office

Name: Coldwell Banker Realty - Newton

Phone: 617-969-2447

Team Members

Name: Gregg M. Leppo

Phone: 781-330-0592

Payment Calculator

, Interest

Property Taxes 16543.17

Principal & Interest 184696.42

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Newton

Todd Glaskin

Agent Phone

Office Phone

(617) 969-2447

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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EXIT

Expired

345-405 Pleasant St, Watertown MA 02472

$29,975,000

Annual Expenses for 345-405 Pleasant St, Watertown MA 02472

Annual Income & Unit Breakdown for 345-405 Pleasant St, Watertown MA 02472

General Information for 345-405 Pleasant St, Watertown MA 02472

Disclosures for 345-405 Pleasant St, Watertown MA 02472

Financial Information for 345-405 Pleasant St, Watertown MA 02472

Location Information for 345-405 Pleasant St, Watertown MA 02472

Contact Information for 345-405 Pleasant St, Watertown MA 02472

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Newton

Todd Glaskin