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.
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Last Updated: June 22nd, 2024 at 4:33am
Walk/jog Trails
Highway Access
House Of Worship
Public School
Shopping
Park
Medical Facility
Laundromat
Public Transportation
T-station
Private School
University
General Information for 660-674 Cambridge St, Cambridge, Massachusetts 02141
Property TypeResidential Income
Property Sub TypeMulti Family
Price$9,000,000
Price per sqft$588.47
MLS #73253406
Handicap Access / FeaturesNo
List Date2024-06-17
Special Listing Conditions
StateMassachusetts
Street NameCambridge St
CityCambridge
Zip Code02141
CountyMiddlesex
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total15294
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress660-674 Cambridge St, Cambridge MA 02141
Zoning
Interior Features for 660-674 Cambridge St, Cambridge, Massachusetts 02141
* Approx. Living Area Total15,294 sq ft
Living Area Includes BasementNo
Bedrooms27
* # Fireplaces0
Bathrooms (Total)13
Full Baths13
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricYes
Electric$0
MLS Area (Major)Wellington-Harrington
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_23
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$176,107
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 660-674 Cambridge St, Cambridge, Massachusetts 02141
* Approximate Lot Size0.1 acres
Covered Parking Spaces0
Lot FeaturesOther
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1992
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)4,356 Sqft
Disclosures for 660-674 Cambridge St, Cambridge, Massachusetts 02141
Buyer Agent Compensation1.5%
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintNone
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 660-674 Cambridge St, Cambridge, Massachusetts 02141
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$689,566
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT13195
MLSPIN_RENT23750
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$513,459
OperatingExpense$176,107
OriginalListPrice$9,000,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water)
TOTAL_RENT32767
WaterSewerExpense$0
Lifestyle Information for 660-674 Cambridge St, Cambridge, Massachusetts 02141
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 660-674 Cambridge St, Cambridge, Massachusetts 02141
Elementary School
Middle School
High School
NumberOfUnitsTotal14
Marketing History for 660-674 Cambridge St, Cambridge, Massachusetts 02141
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY195
PurchaseContractDate
Agent Information for 660-674 Cambridge St, Cambridge, Massachusetts 02141