25-27 Marney St - Apartments FOR SALE


Cambridge, MA 02141- Wellington-Harrington
$4,700,000 USD
781-776-4000
25-27 Marney St, Cambridge, MA for Sale
$4,700,000 USD
Apartments - FOR SALE
1/11
null | 5.78% Cap Rate

25-27 Marney St
Cambridge, MA 02141
Wellington-Harrington


HIGHLIGHTS

  • Dynamic Cambridge Location
  • Transit Oriented Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multifamily investment property located at 25-27 Marney Street in the Wellington-Harrington neighborhood of Cambridge, Massachusetts (the “Property”). Situated in an incredible high-density, urban-infill, East Cambridge neighborhood, the highly walkable location is a short walk from Kendall Square, Inman Square, the Green Line at the Union Square Station, MIT, MGH, the Charles River Esplanade, and Downtown Boston. 25-27 Marney Street is a three-story multi-family building that contains a total of six (6) units, comprised of three (3) 4-Bedroom/1-Bathroom units and three (3), 3-Bedroom/1-Bathroom units with 6,588 square feet of living space in 8,804 square feet of total gross area on 0.09-acres of land. The Property has undergone extensive renovations since acquisition, offering a turnkey investment with condo-quality upgrades throughout. Units feature newer kitchens with white quartz countertops, modern cabinets, and stainless-steel appliances, including gas stoves and dishwashers, hardwood floors throughout, newer bathrooms, in-unit washers and dryers (in select units), forced hot-air as well as central air conditioning. Each of the units are separately metered for gas heat, hot water and electric. Additionally, there is one (1), tandem off-street parking space as well as an on-site laundry facility for those who do not have in-unit washer/dryer. 25-27 Marney Street offers the opportunity to acquire a fully leased investment Property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Cambridge submarket continues to accelerate thanks to continued commercial and infrastructure development in the area and rents are expected to rise over the coming years.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$570 USD /SF

# OF UNITS

6

PRICE/UNIT

$783,333

CAP RATE

5.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

25-27 Marney Street

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

3,799 SF

ZONING

N/Av

APN/PARCEL ID

CAMB-000037-000000-000067

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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