239-243 Columbia St - Apartments FOR SALE


Cambridge, MA 02139- The Port
$4,395,000 USD
617-457-3266
239-243 Columbia St, Cambridge, MA for Sale
$4,395,000 USD
Apartments - FOR SALE
1/17
null | 5.53% Cap Rate

239-243 Columbia St
Cambridge, MA 02139
The Port


HIGHLIGHTS

  • UPSIDE POTENTIAL, IN-DEMAND ASSET TYPE
  • RECENT IMPROVEMENTS, LONG TERM OWNERSHIP
  • STRONG RENTAL LOCAITON IN CAMBRIDGE

OVERVIEW

Hunneman is pleased to present the opportunity to acquire 239–243 Columbia Street, an attractive 9-unit multifamily property located in the Port neighborhood of Cambridge, Massachusetts. The property consists of nine (9) spacious two-bedroom apartments, with each upper-floor units featuring an additional den that functions as a home office or smaller third bedroom. The asset is 100% occupied, providing immediate in-place cash flow supported by a strong history of occupancy and long term ownership. With its desirable unit layout, exceptional Cambridge location, and potential for future revenue growth, 239–243 Columbia Street presents a compelling investment opportunity.

FOR SALE DETAILS

PRICE

$4,395,000 USD

PRICE/SF

$511 USD /SF

# OF UNITS

9

PRICE/UNIT

$488,333

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9-UNIT Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,103 SF

ZONING

C1

APN/PARCEL ID

CAMB-000086-000000-000064

ASK ABOUT THIS PROPERTY

Dan McGeeHunnemanMore Info
617-457-3266

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Dan McGeeHunnemanMore Info
617-457-3266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.