Pending

Under Agreement

660-674 Cambridge St

Cambridge MA, 02141

$9,000,000


$588.47 per sqft

Pending

Under Agreement

27 Beds

13 Baths

15,294 sqft

Multi-family

Built in 1992

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.

73253406

MLS ID

June 17, 2024

Listed

October 2, 2024

Updated

Map

660-674 Cambridge St
Cambridge MA, 02141

Interior Features

Total Stories

4


Bedrooms

27


Total Bathrooms

13


Full Bathrooms

13


Appliances

Washer, Dryer


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.1 Acres


Lot Features

Other


Roof

Rubber


Sewer

Public Sewer

Other Property Details

Area Name

Wellington-Harrington


Taxes

$53,046


Tax Frequency

Annually


Days on Market

29


Garage

No


Parking

On Street


Parking Total

0


View

No


County

Middlesex


Water Source

Public


Pool

No


Zoning

BA

Listing History

Date

Event

Price

7/16/2024

Pending

 

Courtesy of Dennis Kelleher, Horvath & Tremblay

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Data last updated 12:58 AM UTC, 10/2/2024

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