18 Fainwood Cir Cambridge MA 02139 MLS #73314083

18 Fainwood Cir
Cambridge, MA, 02139
$2,400,000
12 Beds
3 Baths
3,669 SqFt
0.1 Acres
$2,400,000
18 Fainwood Cir
Cambridge, MA, 02139
18 Fainwood Circle consists of a three-story building with three 4-Bedroom/1-Bathroom units (currently rented as 3-bedroom units). Each of the units are separately metered for heat (gas – steam radiators), hot water, and electricity. The opportunity exists to utilize each unit as a 4-bedroom unit as well as potentially adding a 2nd bathroom by utilizing the pantry space in the kitchen. Unit 1 features in-unit washer and dryer and an enclosed porch (all season) at the rear of the unit. Units 2 and 3 have access to a laundry facility in the basement, and feature front and rear porches. Additionally, the building has a tandem parking space that can accommodate 3 vehicles. 18 Fainwood Circle is well maintained with recent capital improvements. The opportunity exists, through programmatic upgrades, to significantly increase the rental income or position the property for a condo exit.

Property Details

Price:
$2,400,000
MLS #:
73314083
Status:
Active
Beds:
12
Baths:
3
Address:
18 Fainwood Cir
Type:
Multi Family
Subtype:
3 Family
City:
Cambridge
Listed Date:
Nov 19, 2024
State:
MA
Finished Sq Ft:
3,669
Total Sq Ft:
3,669
ZIP:
02139
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1916
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T- Station, University
Parking Spots
1
Roof
Rubber

Financial

Net Operating Income
$101,356
Tax Year
24
Taxes
$15,060
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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18 Fainwood Cir
Cambridge, MA