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Home Massachusetts Cambridge Multi-Family Homes for Sale

223-225 Charles St Cambridge, MA 02141
223-225 Charles St, Cambridge, MA
Not Available - Off MarketPrice Reduced $300,000
0
This Property is No Longer Available
223-225 Charles St, Cambridge, MA 02141
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$3,900,000
6 Unit
18 Beds
6 Baths
5025 SQFT
0.09 Acre

Property Description

This 6,700 SF property, built in 1925, comprises six three-bedroom units currently occupied at 100%. The new owner would be able to add value through renovations, adjustments to market rents, and the potential to add two conforming units. Recent capital improvements include a new rubber roof installed in 2023 and a new heating system in 2018. Residents enjoy coin-operated laundry, four off-street parking spaces, and a fenced backyard in the rear of the building. This well-maintained, six-unit multifamily building presents a compelling prospect for investors seeking stable, long-term returns in the thriving Boston market. All interested and qualified parties will have the opportunity to tour the building during scheduled appointments & obtain additional information upon request.
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Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 18
  • Total Full Baths: 6
  • Amenities: Bike Path, Highway Access, Medical Facility, Park, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Finished, Other (See Remarks)

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 307200
  • Gross Expenses: 56333
  • GSE: 25504
  • Water/Sewer: 2749
  • INSC: 3241
  • Repairs & Maintenance: 3000
  • Miscellaneous Expense: 3000
  • Net Operating Income: 250866

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1925
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73265246
  • Last Updated: 08/27/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/27/2024Expired$3,900,000$776MLSPIN
07/26/2024Active$3,900,000$776MLSPIN
07/22/2024Price Change$3,900,000$776MLSPIN
07/20/2024Active$4,200,000$836MLSPIN
07/16/2024New$4,200,000$836MLSPIN

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Map

Seller's Representative: Steve Cerrone, Northeast Private Client Group, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 0
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-08-27 03:05:00

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