18 Fainwood Cir, Cambridge, MA 02139
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$2,400,000
3 Unit
12 Beds
3 Baths
3669 SQFT
0.10 Acre

Property Description

18 Fainwood Circle consists of a three-story building with three 4-Bedroom/1-Bathroom units (currently rented as 3-bedroom units). Each of the units are separately metered for heat (gas - steam radiators), hot water, and electricity. The opportunity exists to utilize each unit as a 4-bedroom unit as well as potentially adding a 2nd bathroom by utilizing the pantry space in the kitchen. Unit 1 features in-unit washer and dryer and an enclosed porch (all season) at the rear of the unit. Units 2 and 3 have access to a laundry facility in the basement, and feature front and rear porches. Additionally, the building has a tandem parking space that can accommodate 3 vehicles. 18 Fainwood Circle is well maintained with recent capital improvements. The opportunity exists, through programmatic upgrades, to significantly increase the rental income or position the property for a condo exit.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 12
  • Total Full Baths: 3
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: Yes
  • Gross Operating Income: 132000
  • Gross Expenses: 30644
  • Net Operating Income: 101356

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: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1916
  • Type: 3 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73314083
  • Last Updated: 11/23/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/23/2024Active$2,400,000$654MLSPIN
11/19/2024New$2,400,000$654MLSPIN
08/11/2024Expired$2,495,000$680MLSPIN
08/10/2024Active$2,495,000$680MLSPIN
08/03/2024Extended$2,495,000$680MLSPIN
07/28/2024Active$2,495,000$680MLSPIN
07/24/2024Extended$2,495,000$680MLSPIN
06/17/2024Active$2,495,000$680MLSPIN
06/13/2024Price Change$2,495,000$680MLSPIN
06/02/2024Active$2,595,000$707MLSPIN
05/29/2024New$2,595,000$707MLSPIN

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Seller's Representative: John Pentore, 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 2024-11-23 03:05:00

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