Property Attributes
- MLS#73227441
- TypeMulti-Family
- CountyMIDDLESEX
- CityCambridge
- Zip02138
- Style5+ Family - 5+ Units Side by Side
- Year Built1920
- Taxes$ 23024
- Price$ 6,500,000
- Bedrooms12
- Full Bathrooms12
- Half Bathrooms0
- Sqr Footage10656
- Lot Size10,019 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Discover an exceptional investment opportunity! Situated in a great location, steps from Danehy Park; close to Porter Square, Harvard University, Davis Square, Alewife and Cambridge's vibrant shops, restaurants and top universities. These two six-family buildings boast a collection of well-maintained one-bedroom, one-bath units, each offering comfortable living spaces and modern amenities. Nearly all units can be easily converted into spacious two-bedroom apartments. These properties feature ample off-street parking, ensuring convenience and accessibility for tenants. Currently, all units are rented, underscoring the strong rental demand in the area. This turnkey investment promises immediate returns and long-term growth potential. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a profitable venture, these buildings offer a fantastic opportunity to secure your financial future. Don't miss this rare chance to own a lucrative piece of real estate
Price History | |
---|---|
4/23/2024 | Listed $6,500,000 |
General Features
Sewer | Public Sewer |
---|---|
Utilities | for Gas Range |
Roof | Rubber |
Zoning | B |
Construction Materials | Frame |
Year Built | 1920 |
Property SubType | 5+ Family - 5+ Units Side by Side |
Tax Year | 2024 |
Gross Income | 59400 |
Community Features | Public Transportation,Shopping,Tennis Court(s),Walk/Jog Trails,Medical Facility,Bike Path,House of Worship,Private School,Public School,University |
County | Middlesex |
Net Operating Income | 59400 |
Property Type | Residential Income |
Garage Y/N | No |
Total Rooms | 48 |
Status | Active |
Directions | Corner of Huron Ave and Sherman Street |
City | Cambridge |
Disclosures | Estate Sale. Seller has never resided at property. Please see attached rent roll for more information regarding rents,leases and expenses. |
Senior Community Y/N | No |
Total Units | 12 |
Lot Size Square Feet | 10181 |
Waterfront Y/N | No |
Street Name | Sherman Street |
Year Built Details | Actual |
Tax Annual Amount | 23024 |
Home Warranty Y/N | No |
Building Area Units | Square Feet |
Standard Status | Active |
Year Built Source | Public Records |
Tax Assessed Value | 3889200 |
Total Actual Rent | 4950 |
Compensation Based On | Gross/Full Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Basement | Full |
---|---|
Flooring | Tile,Hardwood |
Total Stories | 9 |
Fireplace Y/N | No |
Full Baths | 12 |
Total Bedrooms | 12 |
Total Baths | 12 |
Exterior Features
Parking Features | Paved Drive,Off Street,Assigned |
---|---|
Lot Features | Corner Lot,Level |
Water Source | Public |
Total Parking | 12 |
Lot Size Area | 0.23 |
Foundation Details | Brick/Mortar |
Spa | No |
Building Area Total | 10656 |
Lot Size Acres | 0.23 |
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