Property Attributes
- MLS#73227341
- TypeContingent
- CountyMIDDLESEX
- CityCambridge
- AreaEast Cambridge
- Zip02141
- Style5-9 Family
- Year Built1894
- Taxes$ 10157
- Price$ 2,350,000
- Bedrooms10
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage4263
- Lot Size3,485 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Rare opportunity in a thriving East Cambridge neighborhood close to Kendall to own a 5 unit parcel that consists of 2 separate buildings (front and back with green space in between). The front building is a flat-roof triple decker with 3 units and the rear building is a 2 family. The units have slightly different layouts but all have 4 rooms, 2 bedrooms, one bath and in-unit laundry except for U-1 in the back building. That apartment (U-1 R) has dedicated laundry in the basement and the second bedroom turned into an office. The buildings have a strong rental history and have been extremely well-maintained. All utilities for all apartments are separately metered. Heating systems are gas-fired hot water boilers and hot water tanks are all gas-fired. The exteriors, including fire escapes, are in excellent condition. An unbeatable East Cambridge location that makes for a very smart investment and offers options for investors and end-users. Group showings only. 4/25-4/26 from 4-5:30.
Price History | |
---|---|
4/23/2024 | Listed $2,350,000 |
General Features
Interior Features | Kitchen,Laundry Room |
---|---|
Sewer | Public Sewer |
Utilities | for Electric Range,for Electric Dryer,Washer Hookup,Varies per Unit |
Roof | Tar/Gravel,Rubber |
Exterior Features | Rain Gutters,Garden |
Zoning | C-1 |
Patio/Porch Features | Patio |
Construction Materials | Frame |
Year Built | 1894 |
Electric | 100 Amp Service |
Property SubType | 5-9 Family |
Tax Year | 2024 |
Gross Income | 121800 |
Community Features | Public Transportation,Shopping,Public School,T-Station |
County | Middlesex |
Net Operating Income | 99800 |
Operating Expense | 22000 |
Property Type | Residential Income |
Contingency | Pending P&S |
Garage Y/N | No |
Rent Includes | Unit 1(Water) |
Total Rooms | 20 |
Status | Contingent |
Directions | Cambridge St. to Fulkerson to left onto Spring St. Just past the intersection with 6th St. |
City | Cambridge |
Disclosures | Lead test done in '95- no reports avail. There is one unused empty oil tank in basement. 3 leases ends 8/31/24 and one lease ends 6/30/24. One is a TAW. Will require commercial financing because it's |
Senior Community Y/N | No |
Total Units | 5 |
MLS Area | East Cambridge |
Lot Size Square Feet | 3699 |
Waterfront Y/N | No |
Street Name | Spring St |
Year Built Details | Approximate |
Tax Annual Amount | 10157 |
Home Warranty Y/N | No |
Building Area Units | Square Feet |
Standard Status | Active Under Contract |
Year Built Source | Public Records |
Tax Assessed Value | 1715700 |
Total Actual Rent | 7750 |
Compensation Based On | Gross/Full Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Basement | Full,Interior Entry,Unfinished |
---|---|
Flooring | Tile,Vinyl,Laminate,Hardwood |
Total Stories | 9 |
Window Features | Insulated Windows |
Fireplace Y/N | No |
Full Baths | 5 |
Laundry Features | Electric Dryer Hookup,Washer Hookup |
Total Bedrooms | 10 |
Total Baths | 5 |
Exterior Features
Parking Features | On Street |
---|---|
Lot Features | Level |
Water Source | Public |
Lot Size Area | 0.08 |
Foundation Details | Stone |
Spa | No |
Building Area Total | 4263 |
Lot Size Acres | 0.08 |
Lot Size Units | Acres |
Road Frontage Type | Public |
Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool