1191 Cambridge, Cambridge, MA 02139
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$3,500,000
3 Unit
4 Beds
4 Baths
2616 SQFT
0.04 Acre

Property Description

Presenting an exceptional investment opportunity in the highly sought-after Inman Square, Cambridge. This mixed-use attached property features a fully licensed bar and restaurant on the ground floor, offering significant revenue potential. Additionally, the building comprises two residential units above, ensuring multiple income streams. Located just a short distance from the newly opened Green Line stop in Union Square, this property benefits from excellent accessibility. Its proximity to public transportation makes it an attractive choice for both tenants and patrons. Seize the opportunity to own this income-generating property in the vibrant City of Cambridge, MA, boasting an impressive cap rate. Don’t miss out on this prime investment in one of the most dynamic areas of Cambridge.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Amenities: Bike Path, Conservation Area, Highway Access, Medical Facility, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Partial

Financial

  • APOD Available: No
  • Gross Operating Income: 359964
  • Net Operating Income: 359964

Utilities

  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73283109
  • Last Updated: 12/18/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/03/2024Active$3,500,000$1,338MLSPIN
09/03/2024Active$3,500,000$1,005MLSPIN
08/30/2024New$3,500,000$1,005MLSPIN
08/30/2024New$3,500,000$1,338MLSPIN

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Seller's Representative: Donahue + Greene Group, Compass
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 2024-12-18 19:43:00