Steal of a deal? Probably not, with the voraciousness in which properties have been gobbled up in the last few weeks in the South End. Still, 75 Waltham Street, Unit 2 looks like it has potential. 2 beds in just 615 SF of basement level living, private deck, in need of a refresh. Money could be made. Never underestimate the lure of a 2 bed, even if it is in the basement. Even if the beds are small. Even if the building does need a little TLC, and that TLC will come out of your pocket.
Last on the market in November 2003, it sold for $335K. It will undoubtably go for over asking. My guess is $45K over ask -it’s listed at $529. which would have it sell at $933. a foot. That seems about right. No featured pictures of the bath lead me to believe it’s a gut.
The owners will stand to make about $215,300. or $18,721. a year for the 11.5 years they held it. Not bad, but when you renovate and return to the market you can make a lot more.
Waltham Street is considered a prime location in the South End. Add to that, the building sits on a corner lot, abutting Ringgold Park, a lovely sunny, kid friendly location. This is my Sunday Open House pick. Listed with Thom McGair of Hammond, they will likely do best and final Monday by noon. Come with your checkbook in hand.