294-302 Windsor st - Apartments FOR SALE


Cambridge, MA 02139- The Port
$5,500,000 USD
781-776-4000
294-302 Windsor st, Cambridge, MA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/16
null | 5.94% Cap Rate

294-302 Windsor st
Cambridge, MA 02139
The Port


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 294-302 Windsor Street in The Port neighborhood of Cambridge, Massachusetts (the “Property”). Situated in an incredible high-density, urban-infill, Cambridge neighborhood, the highly walkable location is a short walk from Central Square Station (.7 miles) and Kendall Square Station (.8 miles), Inman Square, the Green Line at the Union Square Station, MIT, MGH, the Charles River Esplanade, and Downtown Boston. 294-302 Windsor Street consists of two (2) buildings that contain a total of eight (8) units, comprised of six (6) 3-Bedroom/1-Bathroom units, one (1), 2-Bedroom/1-Bathroom unit, and one first floor commercial unit with 7,765 square feet of living space in 11,343 square feet of total gross area on a 0.15-acre parcel. Additionally, there is a 3-car garage located on the Hampshire Street side of the asset. Building 1 (situated on the corner of Windsor and Hampshire Street) is a mixed-use building consisting of six (6) units with five (5) 3-Bedroom/1- Bathroom units as well as Gypsy Café & Bar. Building 2 (294 Windsor Street) is a two-unit property consisting of one (1) 3-Bedroom/1-Bathroom unit as well as one (1) 2-Bedroom/1-Bathroom unit. 294-302 Windsor Street features condo-quality upgrades and amenities throughout, offering an excellently maintained turnkey investment. Units feature newer kitchens with granite countertops, white cabinets, and stainless-steel appliances, including gas stoves and dishwashers, hardwood floors throughout, newer bathrooms as well as in-unit washers and dryers. Each of the units is separately metered for gas heat, hot water and electricity. 294-302 Windsor 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

$5,500,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

8

PRICE/UNIT

$687,500

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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