660-674 Cambridge St Pending Save Request In-Person Tour Request Virtual Tour
Cambridge,MA 02141
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Pending
Purchase Type For Sale
Square Footage 15,294 sqft
Price per Sqft $588
MLS Listing ID 73253406
Bedrooms 27
Full Baths 13
Year Built 1992
Annual Tax Amount $53,046
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Description
660-674 Cambridge St consists of a turnkey, four-story, brick building with fourteen units comprised of three 3-Bed/1-Bath units, eight 2-Bed/1-Bath units, two Studio units, and one commercial unit (Gufo – an Italian Restaurant and Bar). The residential units contain condo quality finishes, and an on-site laundry facility is available for the tenants. All apartments are separately metered for electricity, heat, and A/C which the tenants pay for directly. The Landlord pays for water & sewer for the residential units. Gufo commenced a 10-year lease in December of 2022, and has 8+ years remaining on their double net lease with one 5-year renewal option. Gufo’s lease features attractive annual rent increases, and they reimburse their pro-rata share of all operating expenses. 660-674 Cambridge Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location and is ideal for a potential buyer looking for income growth and strong returns.
Location
State MA
County Middlesex
Area Wellington-Harrington
Zoning BA
Direction Please Use GPS
Rooms
Basement Unfinished
Interior
Heating Central
Cooling Central Air
Appliance Washer,Dryer
Exterior
Community Features Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Highway Access,House of Worship,Private School,Public School,T-Station,University
Roof Type Rubber
Garage No
Building
Lot Description Other
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false