18 Fainwood Circle consists of a three-story building with three 4-Bedroom/1-Bathroom units (currently rented as 3-bedroom units). Each of the units are separately metered for heat (gas - steam radiators), hot water, and electricity. The opportunity exists to utilize each unit as a 4-bedroom unit as well as potentially adding a 2nd bathroom by utilizing the pantry space in the kitchen. Unit 1 features in-unit washer and dryer and an enclosed porch (all season) at the rear of the unit. Units 2 and 3 have access to a laundry facility in the basement, and feature front and rear porches. Additionally, the building has a tandem parking space that can accommodate 3 vehicles. 18 Fainwood Circle is well maintained with recent capital improvements. The opportunity exists, through programmatic upgrades, to significantly increase the rental income or position the property for a condo exit.
— MLSPIN #: 73314083Map of 18 Fainwood Cir, Cambridge, MA 02139
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| List Price: | $2,400,000 |
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| Status: | New |
| MLS ID: | 73314083 |
| Town: | Cambridge |
| County: | Middlesex |
| Zip: | 02139 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family |
| Bedrooms: | 12 |
| Full Baths: | 3 |
| Living Area: | 3,669 sqft |
| Acres: | 0.1 |
| Taxes: | 15,060 |
| Lot Features: | Other |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1916 |
| Roof: | Rubber |
| Directions: | Please use GPS |
| Foundation Details: | Other |
| Electric: | Individually Metered |
| Listing Contract Date: | 2024-11-19 |
| Lot Size Area: | 0.1 |
| Lot Size Square Feet: | 4,356 |
| Rooms Total: | 18 |
| Bathrooms Total Integer: | 3 |
| Basement: | true |
| Basement: | Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 3,669 |
| Community Features: | Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Parcel Number: | 406109 |
| Rent Includes: | Unit 1(Water), Unit 2(Water), Unit 3(Water) |
| Sewer: | Public Sewer |
| Zoning: | C-1 |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $132,000 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | Yes |
| Comp Based On: | Net Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Gre: | 30,644 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $654.13 |
| Page: | 223 |
| Price Per Sqft: | $654.13 |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Net Operating Income: | $101,356 |
| Operating Expense: | $30,644 |
| Original List Price: | $2,400,000 |
| Parking Total: | 1 |
| Tax Assessed Value: | $2,472,800 |
| Tax Year: | 24 |
| Total Actual Rent: | $10,850 |
| Year Built Details: | Actual |
| Bedrms 1: | 4 |
| Bedrms 2: | 4 |
| Bedrms 3: | 4 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 3,800 |
| Rent2: | 3,600 |
| Rent3: | 3,450 |
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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 09:20 AM
Property Last Updated: November 19, 2024 05:24 PM
Listing Courtesy of: Horvath & Tremblay
Listing Agent: John Pentore
781-776-4004
