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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,040 sqft
Price per Sqft $493
MLS Listing ID 72398073
Sold Date 11/15/18
Bedrooms 7
Full Baths 3
Half Baths 1
Year Built 1891
Annual Tax Amount $7,169
Tax Year 2018
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Ideally located just off Elm Street, one block to Porter Square and a half mile to Davis Square, this two family house is perfect for the long term investor or owner occupant. Just off the beaten path, it provides immediate access to the multitude of amenities, eateries, shops and movie theater, that these popular Cambridge and Somerville destinations have to offer. Both the first floor 3 bedroom/1.5 bath and second floor 4 bedroom/2 bath have two levels and in-unit laundry. They also have a strong rental history and have been well maintained. Unit 1, previously rented as two bedrooms at $3100, but recently converted to a three bedroom where the potential rent is estimated between $3300-3600/month. Unit 2 is currently leased through August 31st, 2019 for $4500. Nestled among only a few homes, situated on a corner lot, residents can enjoy the private back deck and patio along with driveway parking for 2 cars. Tremendous opportunity for an investment in a prime location in Cambridge.
Location
State MA
County Middlesex
Area Porter Square
Zoning B
Direction Elm Street to Saginaw
Rooms
Basement Full, Partially Finished
Interior
Flooring Wood, Tile, Carpet
Fireplaces Number 1
Appliance Gas Water Heater
Basement Type Full, Partially Finished
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Public School, T-Station
Roof Type Shingle
Total Parking Spaces 2
Garage No
Building
Lot Description Corner Lot
Story 4
Foundation Other
Sewer Public Sewer
Water Public
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Bought with Yoon Song • Century 21 Shawmut Properties