Presenting an exceptional investment opportunity in the highly sought-after Inman Square, Cambridge. This mixed-use property features a fully licensed bar and restaurant on the ground floor, offering significant revenue potential. Additionally, the building comprises two residential units above, ensuring multiple income streams. Located just a short distance from the newly opened Green Line stop in Union Square, this property benefits from excellent accessibility. Its proximity to public transportation makes it an attractive choice for both tenants and patrons. Seize the opportunity to own this income-generating property in the vibrant City of Cambridge, MA, boasting an impressive cap rate. Don’t miss out on this prime investment in one of the most dynamic areas of Cambridge.
— MLSPIN #: 73283109Map of 1191 Cambridge, Cambridge, MA 02139
List Price: | $3,500,000 |
---|---|
Status: | Active |
MLS ID: | 73283109 |
Town: | Cambridge |
Neighborhood: | Inman Square |
County: | Middlesex |
Zip: | 02139 |
Property Type: | Residential Income |
Property Sub Type: | 3 Family |
Bedrooms: | 4 |
Full Baths: | 3 |
Half Baths: | 1 |
Living Area: | 2,616 sqft |
Acres: | 0.04 |
Flooring: | Wood |
Lot Features: | Corner Lot |
Status: | Active |
Water Source: | Public |
Year Built: | 1900 |
Roof: | Shingle, Rubber |
Directions: | 1191 CAMBRIDGE STREET |
Foundation Details: | Stone, Brick/Mortar |
Construction Materials: | Frame |
Listing Contract Date: | 2024-08-29 |
Lot Size Area: | 0.04 |
Lot Size Square Feet: | 1,819 |
Rooms Total: | 10 |
Bathrooms Total Integer: | 4 |
Basement: | true |
Basement: | Partial |
Building Area Source: | Public Records |
Building Area Total: | 2,616 |
Community Features: | Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, Public School, T-Station, University |
Living Area Units: | Square Feet |
Lot Size Units: | Acres |
Number Of Units Total: | 3 |
Parcel Number: | 402833 |
Patio And Porch Features: | Deck - Roof |
Sewer: | Public Sewer |
Utilities: | for Gas Range, for Gas Oven |
Zoning: | BA |
Stories Total: | 6 |
Year Built Source: | Public Records |
Farm Land Area Units: | Square Feet |
Gross Income: | $359,964 |
Listing Agreement: | Exclusive Right To Sell |
Apod Available: | No |
Comp Based On: | Net Sale Price |
Disclosure: | No |
Dpr Flag: | No |
Flrs 1: | 1 |
Flrs 2: | 2 |
Flrs 3: | 3 |
Lead Paint: | Unknown |
Lease 1: | No |
Lease 2: | No |
Levels 1: | 2 |
Levels 2: | 1 |
Levels 3: | 1 |
Listing Alert: | No |
List Price Per Sqft: | $1,337.92 |
Page: | 307 |
Price Per Sqft: | $1,337.92 |
Square Feet Incl Base: | No |
Sub Agency Offered: | No |
Net Operating Income: | $359,964 |
Original List Price: | $3,500,000 |
Tax Assessed Value: | $1,113,900 |
Tax Year: | 2024 |
Total Actual Rent: | $29,997 |
Year Built Details: | Actual |
Bedrms 2: | 2 |
Bedrms 3: | 2 |
F Bths 2: | 1 |
F Bths 3: | 1 |
H Bths 1: | 1 |
Rent1: | 9,999 |
Rent2: | 9,999 |
Rent3: | 9,999 |
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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, landlords 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, leasing or renting 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, leasing or renting. 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.
MLS Property Information Network, Inc. data last updated on November 23, 2024 05:41 AM
Property Last Updated: September 03, 2024 03:08 AM
Listing Courtesy of: Compass
Listing Agent: Donahue + Greene Group
617-999-5658