417 Cardinal Medeiros Ave, Cambridge, MA 02141
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$4,000,000
6 Unit
18 Beds
6 Baths
6012 SQFT
0.12 Acre

Property Description

417 Cardinal Medeiros Avenue offers the opportunity to acquire a fully leased investment Property in an incredible high-density, urban-infill, Cambridge neighborhood. The highly walkable location is a short walk from Kendall Square, Inman Square, the Green Line at the Union Square Station, MIT, MGH, the Charles River Esplanade, and Downtown Boston. 417 Cardinal Medeiros Avenue is a three-story multi-family building that contains a total of six units, comprised of two 4-Bedroom/1-Bathroom units, two 3-Bedroom/1-Bathroom units, and two 2-Bedroom/1-Bathroom units. The Property has undergone extensive renovations since acquisition, offering a turnkey investment with condo-quality upgrades throughout. Units feature new kitchens with granite countertops and stainless-steel appliances, including gas stoves and dishwashers, hardwood floors throughout, new bathrooms, and in-unit washers and dryers. Each of the units is separately metered for gas heat, hot water and electric.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 3
  • Total Bedrooms: 18
  • Total Full Baths: 6
  • Amenities: Bike Path, Highway Access, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement
  • Common Appliances: Dryer, Washer

Financial

  • APOD Available: Yes
  • Gross Operating Income: 264600
  • Gross Expenses: 41282
  • Net Operating Income: 223318

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Brick
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73239171
  • Last Updated: 08/20/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/20/2024Active$4,000,000$665MLSPIN
08/16/2024Back on Market$4,000,000$665MLSPIN
07/16/2024Under Agreement$4,000,000$665MLSPIN
05/20/2024Active$4,000,000$665MLSPIN
05/16/2024New$4,000,000$665MLSPIN

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Seller's Representative: Dennis Kelleher, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-08-20 03:05:00