$3,350,000
16
Beds
4
Baths
5,000
Living Area
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Property Description
Incredible opportunity to own a prime 4 unit investment property located in the heart of Central Square! Composed of four spacious 4 bedrooms layouts, with approximately 5,000 sf of livable space. Professionally managed rental property that currently boasts an impressive $223,800 rent roll projected to appreciate to $239,400 for the 2025-2026 leasing cycle. Each unit has 4 spacious bedrooms, high ceilings, central AC and a flexible floor plan with so much untapped potential to create even more long term value. Additional amenities include a recently renovated courtyard with private entry access, an on site coin op laundry room and ample storage space in the basement. Prospective investors will be able to capitalize on convenient proximity to Central Sq, Inman, E Cambridge, MIT, the Red Line T, downtown Boston, and some of the most vibrant restaurants in the city. All 4 units have been converted into condos providing flexibility and lucrative long term potential for savvy investors!
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Highlights
- Area: Central Square
- Property Class: Residential Income
- Stories: 10
- Year Built: 1920
- Levels: 10
- Property Type: 4 Family
- Total Rooms: 24
- Status: Active
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Additional Details
- Foundation: Other
- Road Frontage Type: Public
- Total Number of Units: 4
- Year Built Source: Public Records
- Lot Features: Other
- SqFt Source: Other
- Year Built Details: Approximate
- Zoning: Bb-csq
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Marina, Private School, Public School, T-Station, University, Other
- Parking Features: Other
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $3,500,000
- Tax Year: 2024
- Total Rent: $19,950
- Compensation Based On: Gross/Full Sale Price
- Taxes: $16,415
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