Seller's Agent in 2024
Dennis Kelleher
Horvath & Tremblay
(781) 776-4002
2 in this area
57 Total Sales
674 Cambridge St Cambridge, MA 02141
East Cambridge Neighborhood
27
Beds
13
Baths
15,294
Sq Ft
4,356
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit
- Park
- 0.1 Acre Lot
- Jogging Path
- Shops
About This Home
As of December 2024660-674 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
Home Type
- Multi-Family
Est. Annual Taxes
- $53,046
Year Built
- Built in 1992
Lot Details
- 4,356 Sq Ft Lot
Home Design
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 15,294 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
Bedrooms and Bathrooms
- 27 Bedrooms
- 13 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- On-Street Parking
- Open Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Central Heating and Cooling System
- Separate Meters
Listing and Financial Details
- Total Actual Rent $32,767
- Rent includes unit 1(water), unit 2(water)
Community Details
Overview
- 14 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Operating Expense $176,107
- Net Operating Income $513,459
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 19, 2008
Sold by
660 Cambridge Street T and Budryk
Bought by
Budryk Francis J and Barros Manuel C
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.4%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $8,650,000 | None Available | |
| Quit Claim Deed | $8,650,000 | None Available | |
| Land Court Massachusetts | -- | -- | |
| Land Court Massachusetts | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,650,000 | Commercial | |
| Closed | $4,650,000 | Commercial | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $550,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/16/2024 12/16/24 | Sold | $8,650,000 | -3.9% | $566 / Sq Ft |
| 07/16/2024 07/16/24 | Pending | -- | -- | -- |
| 06/17/2024 06/17/24 | For Sale | $9,000,000 | -- | $588 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $7,882,400 | $2,371,200 | $5,511,200 |
| 2024 | -- | $7,179,800 | $2,496,600 | $4,683,200 |
| 2023 | $0 | $6,939,100 | $2,562,300 | $4,376,800 |
| 2022 | $0 | $6,539,400 | $2,398,500 | $4,140,900 |
| 2021 | $0 | $6,793,600 | $2,340,000 | $4,453,600 |
| 2020 | $11,876 | $6,196,400 | $2,340,000 | $3,856,400 |
| 2019 | $0 | $5,566,200 | $2,035,200 | $3,531,000 |
| 2018 | $45,431 | $4,960,900 | $1,770,000 | $3,190,900 |
| 2017 | -- | $4,487,300 | $1,680,000 | $2,807,300 |
| 2016 | -- | $3,681,300 | $1,200,000 | $2,481,300 |
| 2015 | -- | $3,317,900 | $1,032,000 | $2,285,900 |
| 2014 | -- | $3,070,200 | $960,000 | $2,110,200 |
Source: Public Records
Agents Affiliated with this Home
-
Dennis Kelleher
-
Siyin Qu
Buyer's Agent in 2024
Siyin Qu
eXp Realty
(888) 854-7493
3 in this area
36 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73253406
APN: CAMB-000034-000000-000127
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The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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