Desirable and rare mixed use property featuring two residential rental apartments and one highly visible commercial space. Property located near new Belmont High School and Clay Pit Pond, while walkable to Fresh Pond in Cambridge and Belmont Center. Commercial space is vacant and consists of about 250SF, eleven foot ceiling, half bathroom, and large picture window facing Concord Avenue. Both rental units are rented to longer term tenants, TAW leases, have hardwood floors, both heated by oil, and both rents are well below market value. Seller to install new stove in second floor unit. There is ample off street parking in the rear of the building as well as daily on street parking. Property needs some updating but overall offers a strong long term investment property in a very desirable town and location. Offers, if any, due MONDAY 25th by 4:00.
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LOCATION! LOCATION! LOCATION! Tenanted with Semi-Net lease in place for lower level -tenant pay utilities & maintenance- owner pays taxes & insurance. Entry area & Upstairs is currently vacant listed for lease - estimated rent at $2.25 = $6,500 a month NNN -total of 2895 OPEN square feet with high ceilings, Remodeled in 2015 to include hardwood floors, acoustic ceiling with built in sound system and recess lighting. Central air and a handicap elevator - lift. Grand wide stairs lead up to the unit. with 2 Handicap accessible bathrooms, Storage and office space included. Downstairs is a food laboratory VERY long-term tenant with 7 years remaining and would like to stay. Comes with storage area, 2 offices & 2 more bathrooms. Amazing location 2 doors down from Dunkin Donuts close to public transportation.
Welcome to this rare Belmont mixed-use building. Busy Trapelo Road corner lot. Bus #73 stops directly in front of the unit. Steps to Waverley Square. Two huge 3-bedrooms, one bath, plus den. Easy escalation rent on the residential units. It is an excellent buy-and-hold. Two of the units are residential and have a high-visibility retail space. Star Market, Dunkin Donuts, Banks, CVS, a Gas Station, and Dry Cleaners are nearby. Perfect owner-occupant opportunity!
The median home value in Belmont, MA is $1,401,000. This is higher than the county median home value of $658,900. The national median home value is $338,100. The average price of homes sold in Belmont, MA is $1,401,000. Approximately 68.79% of Belmont homes are owned, compared to 27.63% rented, while 3.58% are vacant. Belmont real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Belmont real estate agent to arrange a tour today!
Belmont, Massachusetts has a population of 27,056. Belmont is more family-centric than the surrounding county with 45.06% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Belmont, Massachusetts is $151,502. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Belmont is 41.5 years.
The average high temperature in July is 82.9 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 48.6 inches per year, with 52.5 inches of snow per year.