NOT LISTED FOR SALE
6 Beds
5 Baths
2,426 Sq Ft
1,850 Sq Ft Lot

Last Sold August 17, 2021

Last sale price $1,625,000 $670 Per Sq Ft

7 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • Jogging Path
  • Property is near public transit
  • Tennis Courts
  • 2-minute walk to Hurley Street Park

About This Home

As of August 2021

A perfect property for that savvy investor! A well maintained multi family home located a third of a mile from Kendall Square and Lechmere Station. Each unit has been meticulously updated and has a strong rental history. With 2426 square feet of living space the property boasts six bedrooms and five bathrooms. Grossing $93,600 in rental income in 2020. Group showings will take place on Thursday June 17th from 12-1, Saturday 12-1 and Sunday 12-1. Please call and confirm your appointment.

Last Listed By

Austyn Cwiertniewicz

Coldwell Banker Realty - Cambridge Listed on: 06/16/2021

Coldwell Banker Realty - Cambridge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,301

Year Built

  • Built in 1905 | Remodeled

Lot Details

  • 1,850 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,426 Sq Ft Home
  • Insulated Windows
  • Insulated Doors

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 2 Car Parking Spaces
  • Shared Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 4 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $7,800
  • Rent includes unit 1(heat electric gas water hot water), unit 2(heat electric gas water hot water), unit 3(heat electric gas water hot water), unit 4(heat electric gas water hot water)
  • Assessor Parcel Number 400472

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path

Building Details

  • Electric Expense $1,920
  • Insurance Expense $2,000
  • Water Sewer Expense $1,392
  • Operating Expense $17,273
  • Net Operating Income $76,327

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,301

Year Built

Built in 1905 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled, Unit 3 Remodeled, Unit 4 Remodeled
  • Year Built: 1905
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 8

Interior Features

  • Flooring: Tile,Vinyl
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Total Bedrooms: 6
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Full, Interior Entry, Concrete
  • Living Area: 2426
  • Stories Total: 8
  • Window Features: Insulated Windows
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 577.08
  • PRICE PER Sq Ft: 669.83
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter, Stone
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • Cooling: Unit 1(None), Unit 4(None)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas), Unit 4(Forced Air,Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 4

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Heat,Electric,Gas,Water,Hot Water), Unit 2(Heat,Electric,Gas,Water,Hot Water), Unit 3(Heat,Electric,Gas,Water,Hot Water), Unit 4(Heat,Electric,Gas,Water,Hot Water)

Fee Information

  • Water Sewer Expenses: 1392

Lot Info

  • Parcel Number: 400472
  • Zoning: C1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Size Sq Ft: 1850
  • Lot Size Units: Acres
  • PAGE: 167
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5301.27
  • Tax Book Number: 25052

Multi Family

  • Electric Expense: 1920
  • Gross Income: 93600
  • Insurance Expense: 2000
  • Net Operating Income: 76327
  • Number Of Units Total: 4
  • Operating Expense: 17273
  • Total Actual Rent: 7800
  • LEVELS 1: 1
  • LEVELS 4: 2
  • LEVELS 2: 2
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 4
  • FLRS 3: 1
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2021 08/17/21 Sold $1,625,000 +16.1% $670 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $1,400,000 -- $577 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72851005

MLS Property Information Network (MLS PIN)

APN: CAMB M:00024 L:00138