660-674 Cambridge St Cambridge, MA

$9,000,000
Beds 27
Baths 13
Square Feet 15,294
Acres 0.10
Photo of 660-674 Cambridge St Cambridge MA 02141




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.


Listed by Horvath & Tremblay, Dennis Kelleher

Details

MLS 73253406
Status Pending
Price $9,000,000
DOM 178 days
Type Multi-Family
Beds 27
Total Baths 13 full baths
Square Feet 15,294 sqft
Lot Size 0.10 acres
Year Built 1992

Lot & Building Features

Appliances Dryer, Washer
Cooling Central Air
Heating Central
Sewer Public Sewer
Tax Year 2024
Taxes Paid $53,046
Water Public
Foundation Concrete Perimeter
Roof Rubber
Full Baths 13
Parking On Street
Total Rooms 49
Basement Feature Unfinished
Garage Spaces 0

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.