Open House Sun, May 5th 12:00 PM - 02:00 PM
Address
2 & 4 Sherman Street, Cambridge, MA
Price
$ 6,500,000
Property Attributes
- MLS#73227441
- TypeMulti-Family
- CountyMIDDLESEX
- CityCambridge
- Zip02138
- Style5+ Family - 5+ Units Side by Side
- Year Built1920
- Taxes$ 23024
- Price$ 6,500,000
- Bedrooms12
- Full Bathrooms12
- Half Bathrooms0
- Sqr Footage10656
- Lot Size10,019 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Discover an exceptional investment opportunity! Situated in a great location, steps from Danehy Park; close to Porter Square, Harvard University, Davis Square, Alewife and Cambridge's vibrant shops, restaurants and top universities. These two six-family buildings boast a collection of well-maintained one-bedroom, one-bath units, each offering comfortable living spaces and modern amenities. Nearly all units can be easily converted into spacious two-bedroom apartments. These properties feature ample off-street parking, ensuring convenience and accessibility for tenants. Currently, all units are rented, underscoring the strong rental demand in the area. This turnkey investment promises immediate returns and long-term growth potential. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a profitable venture, these buildings offer a fantastic opportunity to secure your financial future. Don't miss this rare chance to own a lucrative piece of real estate
| Price History | |
|---|---|
| 4/23/2024 | Listed $6,500,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | for Gas Range |
| Roof | Rubber |
| Zoning | B |
| Construction Materials | Frame |
| Year Built | 1920 |
| Property SubType | 5+ Family - 5+ Units Side by Side |
| Tax Year | 2024 |
| Gross Income | 59400 |
| Community Features | Public Transportation,Shopping,Tennis Court(s),Walk/Jog Trails,Medical Facility,Bike Path,House of Worship,Private School,Public School,University |
| County | Middlesex |
| Net Operating Income | 59400 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Total Rooms | 48 |
| Status | Active |
| Directions | Corner of Huron Ave and Sherman Street |
| City | Cambridge |
| Disclosures | Estate Sale. Seller has never resided at property. Please see attached rent roll for more information regarding rents,leases and expenses. |
| Senior Community Y/N | No |
| Total Units | 12 |
| Lot Size Square Feet | 10181 |
| Waterfront Y/N | No |
| Street Name | Sherman Street |
| Year Built Details | Actual |
| Tax Annual Amount | 23024 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 3889200 |
| Total Actual Rent | 4950 |
| Compensation Based On | Gross/Full Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Tile,Hardwood |
| Total Stories | 9 |
| Fireplace Y/N | No |
| Full Baths | 12 |
| Total Bedrooms | 12 |
| Total Baths | 12 |
Exterior Features
| Parking Features | Paved Drive,Off Street,Assigned |
|---|---|
| Lot Features | Corner Lot,Level |
| Water Source | Public |
| Total Parking | 12 |
| Lot Size Area | 0.23 |
| Foundation Details | Brick/Mortar |
| Spa | No |
| Building Area Total | 10656 |
| Lot Size Acres | 0.23 |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02138
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
