Homes for sale - 660-674 Cambridge St, Cambridge, MA 02141

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Sasha Iyamu

sio@eliteservicesct.com +1(203) 231-4921

$ 9,000,000

Est. payment -/mo

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Pending

660-674 Cambridge St Cambridge, MA 02141

27 Beds

13 Baths

15,294 SqFt

UPDATED:

11/14/2024 06:10 PM

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

Listed by Horvath & Tremblay