Multi-Family for Sale: 660-674 Cambridge St, Cambridge, MA 02141 SOLD

27 beds
13 full baths
15,294 sqft
$8,650,000
$8,650,000
660-674 Cambridge St, Cambridge, MA 02141 SOLD
27 beds
13 full baths
15,294 sqft
$8,650,000
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Selling Price: $8,650,000
Original List Price: $9,000,000
Sold at 96.1% of list price
Sold Date: 12/16/2024

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Type Multi-Family
Beds 27
Total Baths 13 full baths
Square Feet 15,294 sqft
Lot Size 0.10 acres
Year Built 1992
City Cambridge
County Middlesex
MLS 73253406
Status Closed
DOM 182 days
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.

Lot & Building Features

Appliances Dryer, Washer
Cooling Central Air
Heating Central
Sewer Public Sewer
Tax Year 2024
Taxes Paid $53,046
Water Public
Foundation Concrete Perimeter
Roof Rubber
Full Baths 13
Parking On Street
Total Rooms 49
Basement Feature Unfinished
Garage Spaces 0

Price History of 660-674 Cambridge St, Cambridge, MA

Date Name Price Difference
06/17/2024 Listing Price $8,650,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Janet Gillis
Janet Gillis
REALTOR®
Direct: 339-933-0932
Office
Marshfield, MA
339-933-0932
Listed by Horvath & Tremblay, Dennis Kelleher
Sold by eXp Realty, Siyin Qu
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Listing information courtesy of: Horvath & Tremblay

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