About 7-11 Gibbs Ct
Exceptional cash-flowing 9-unit investment property generating approximately $226,500 in annual rental income. This well-maintained building features three (2) one-bedroom units (2) three-bedroom units, (5) two-bedroom units, and a strong and diverse rental mix. Recent capital improvements include a new roof and siding, an updated exterior, paved driveway, and upgraded electrical systems throughout—providing peace of mind and reduced near-term maintenance costs. Current rents are slightly below market value, creating a clear opportunity for future rent increases and additional upside for the next owner. The property also benefits from separate utilities, with tenants responsible for their own usage—helping to maximize net operating income. Additional amenities include off-street parking for at least six vehicles. Prime location, close to major universities and with commuter rail access, making the property attractive to both tenants and investors.
Features of 7-11 Gibbs Ct
| MLS® # | 73488681 |
|---|---|
| Price | $3,000,000 |
| Bedrooms | 15 |
| Bathrooms | 9.00 |
| Full Baths | 9 |
| Square Footage | 8,100 |
| Acres | 0.20 |
| Year Built | 1910 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
Community Information
| Address | 7-11 Gibbs Ct |
|---|---|
| City | Waltham |
| County | Middlesex |
| State | MA |
| Zip Code | 02452-5507 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Paved Drive, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Frame |
| Foundation | Stone |
Additional Information
| Zoning | RES |
|---|
Listing Details
| Agent | Karen Williams |
|---|---|
| Office | Longwood Residential, LLC |