J
Seller's Agent in 2023
John Pentore
Horvath & Tremblay
81 Winter St Cambridge, MA 02141
East Cambridge Neighborhood
30
Beds
22
Baths
12,580
Sq Ft
8,407
Sq Ft Lot
About This Home
As of June 202381-91 Winter St is an excellent opportunity to acquire a fully leased investment property with significant upside in an exceptional, urban-infill location at a 5.41% Cap Rate on current income. The highly-walkable East-Cambridge location is a short walk from the Green Line at the New Lechmere Station (0.3 miles), Cambridge Crossing, Kendall Square, MIT, MGH and Downtown Boston. 81-91 Winter St consists of 3 adjacent multi-family buildings and 1 private parking lot with 4 spaces. The Property contains a total of thirteen units, comprised of one Studio unit, two 1-Bedroom/1-Bathroom units, four 2-Bedroom/1-Bathroom units, one 3-Bedroom/1-Bathroom unit, four 3-Bedroom/3-Bathroom townhouse units, and one 4-Bedroom/2-Bathroom unit. All of the units are separately metered for heat, hot water and electric. Both 83 and 85-87 Winter Street have new roofs and new siding, as well as new heating systems throughout (individual boilers and gas meters) in addition to renovated units.
Last Agent to Sell the Property
John Pentore
Horvath & Tremblay Listed on: 02/22/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $34,752
Year Built
- Built in 1900
Lot Details
- 8,407
Home Design
- 12,580 Sq Ft Home
- Shingle Roof
- Rubber Roof
Bedrooms and Bathrooms
- 30 Bedrooms
- 22 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Off-Street Parking
Additional Features
- 8,407 Sq Ft Lot
- Separate Meters
Listing and Financial Details
- Total Actual Rent $11,675
Community Details
Overview
- 13 Units
- Property has 1 Level
Building Details
- Operating Expense $83,416
- Net Operating Income $416,384
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2023
Closed on
Jun 29, 2023
Sold by
Torrington Winter Llc
Bought by
81-91 Winter St Llc
Seller's Agent
John Pentore
Horvath & Tremblay
Buyer's Agent
Shasha Chang
Peace of Mind Realty
List Price
$7,700,000
Sold Price
$7,200,000
Premium/Discount to List
-$500,000
-6.49%
Views
132
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,860,970
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 7, 2021
Sold by
Winter Street Rt and Previte
Bought by
Torrington Winter Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,920,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 81-91 Winter St Llc | $7,200,000 | None Available | |
| Torrington Winter Llc | $5,400,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 81-91 Winter St Llc | $5,000,000 | |
| Previous Owner | Torrington Winter Llc | $4,920,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2023 06/30/23 | Sold | $7,200,000 | -6.5% | $572 / Sq Ft |
| 04/25/2023 04/25/23 | Pending | -- | -- | -- |
| 02/22/2023 02/22/23 | For Sale | $7,700,000 | -- | $612 / 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 | $404 | $63,600 | $63,600 | $0 |
| 2024 | $392 | $66,300 | $66,300 | $0 |
| 2023 | $371 | $63,300 | $63,300 | $0 |
| 2022 | $375 | $63,300 | $63,300 | $0 |
| 2021 | $5,760 | $61,500 | $61,500 | $0 |
| 2020 | $361 | $62,700 | $62,700 | $0 |
| 2019 | $25,987 | $61,500 | $61,500 | $0 |
| 2018 | $5,977 | $51,000 | $51,000 | $0 |
| 2017 | $296 | $45,600 | $45,600 | $0 |
| 2016 | $250 | $35,700 | $35,700 | $0 |
| 2015 | $239 | $30,600 | $30,600 | $0 |
| 2014 | $199 | $23,700 | $23,700 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Shasha Chang
Buyer's Agent in 2023
Shasha Chang
Peace of Mind Realty
(617) 642-6458
1 in this area
44 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73081151
APN: CAMB-000022-000000-000026
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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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