(Back-up Offers Welcome, Lock-box) New to the market, Cambridge multi-family demonstrates "pride of ownership". Quality renovations include newer kitchens in the last 3 years, upgraded gas heating systems, hardwood flooring, bathrooms, lighting and much more. Excellent owner occupant building or turnkey investment property, needs nothing for busy January rental market. Minutes from Central Square Red line, Kendall Sq, high-tech employers, Harvard, MIT, and more! Both units separately metered. 4 bedroom / 1.5 bath estimated at $4400 per month. 2 bedroom / 1 Bath rent estimated at $2200 / month. Seller rented both units to a school including utilities, furniture, and cleaning service for $11,760 /month. (see attached profit & loss
statement) Cap Rate potentials from 5.5% to 8%. Contact List Agent for Comprehensive Investment Prospectus. Excellent opportunity for enterprising landlord interested in low turn over 12 month leases & lucrative short-term furnished options
Full Property Details
Full Property Detailsfor 165 Elm Street
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165 Elm Street, Cambridge, MA 02139 (MLS# 72083431) is a
Multi-Family property that was sold at $1,175,000 on January 17, 2017.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.