Multifamily Investment Opportunity in well-located East Cambridge! This multifamily property presents an exciting opportunity for investors seeking a renovation project in one of the Boston's most desirable and supply-constrained markets.Owned by the same family for more than 50 years, the property offers the rare combination of long-term ownership, a prime location, and substantial upside through strategic improvements. The three units provide significant opportunity for renovation and modernization and desirable outdoor space that can enhance both tenant appeal and marketability. Investors can capitalize on the property's existing footprint and bring the units to a higher standard, increasing rental income, overall property value, and long-term investment returns.Location, Location, Location! The property is conveniently positioned near some of Cambridge's most sought-after destinations, including:Inman Square,Union Square, Kendall Square and the MBTA Green Line,Cambridge Crossing (CX),King Open School and Donnelly Field,Cambridge Public Library — Valente Branch.Residents benefit from easy access to transportation, restaurants, retail, employment, parks,and schools. Seize the opportunity to acquire a well-located, long-held multifamily asset, invest strategically and benefit from the long-term demand in East Cambridge.
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Zillow last checked:
Listing updated:
Listed by:
Chrisanne Connolly508-846-5709,
Wilson Wolfe Real Estate978-658-2345
Source: MLS PIN,MLS#: 73567006
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3
Appliances
Included: Range, Refrigerator
Laundry: Electric Dryer Hookup, Washer Hookup
Features
Ceiling Fan(s), Storage, Living Room, Dining Room, Kitchen, Office/Den
Flooring: Vinyl, Carpet, Laminate
Doors: Insulated Doors, Storm Door(s)
Windows: Insulated Windows, Screens
Basement: Full,Interior Entry,Concrete,Unfinished
Has fireplace: No
Interior area
Total structure area: 2,526
Total interior livable area: 2,526 sqft
Finished area above ground: 2,526
Property
Parking
Parking features: On Street
Has uncovered spaces: Yes
Features
Patio & porch: Patio
Exterior features: Rain Gutters
Fencing: Fenced/Enclosed,Fenced
Frontage length: 75.00
Lot
Size: 2,018 Square Feet
Features: Cleared, Level
Details
Additional structures: Shed(s)
Parcel number: M:00080 L:00059,402735
Zoning: C-1
Construction
Type & style
Home type: MultiFamily
Property subtype: 3 Family - 3 Units Up/Down
Materials
Frame
Foundation: Stone, Brick/Mortar
Roof: Rubber
Condition
Year built: 1902
Utilities & green energy
Electric: Circuit Breakers, Individually Metered
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Community & HOA
Community
Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks