$9,000,000
660-674 St Cambridge
Cambridge, MA, 02141
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.
Property Details
Price:
$9,000,000
MLS #:
73253406
Status:
Pending
Beds:
27
Baths:
13
Address:
660-674 St Cambridge
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Neighborhood:
Wellington-Harrington
City:
Cambridge
Listed Date:
Jun 17, 2024
State:
MA
Finished Sq Ft:
15,294
Total Sq Ft:
15,294
ZIP:
02141
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1992
Units:
14
Schools
Interior
Appliances
Washer, Dryer
Bathrooms
13 Full Bathrooms
Cooling
Central Air
Heating
Central
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
Parking Features
On Street
Roof
Rubber
Financial
Tax Year
2024
Taxes
$53,046
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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Courtesy of Horvath & Tremblay. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
660-674 St Cambridge
Cambridge, MA
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