660-674 Cambridge St, Cambridge MA 02141
About this home
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.
Sale Statistics
This property sold for 3.9% below the original asking price.
With only 28 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
Wellington-Harrington
660-674 Cambridge St, Cambridge MA 02141
Cambridge, MA 02141
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Dec 16, 2024Listed for Sale
Jun 17, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 12/16/2024 | ✓ Sold | $8,650,000 | - | - | Property sold |
| 06/17/2024 | 🏠 Listed for Sale | $9,000,000 | - | - | Original listing |