355-365 Prospect & 6-8 Clary Street Multi-Family FOR SALE


Cambridge, MA - Inman Square
$7,200,000 USD
781-776-4000
, Cambridge, MA for Sale
$7,200,000 USD
Multi-Family - FOR SALE
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355-365 Prospect & 6-8 Clary Street
Cambridge, MA
Inman Square


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 355-365 Prospect Street and 6-8 Clary Street in the Wellington-Harrington neighborhood of Cambridge, Massachusetts (the “Property”). Situated in an incredible high-density, urban-infill, Cambridge neighborhood, the highly walkable location is situated on the edge of Inman Square and is a short walk from Kendall Square, the Green Line at the Union Square Station, MIT, MGH, the Charles River Esplanade, and Downtown Boston. Situated on one tax-parcel, 355-365 Prospect Street & 6-8 Clary Street is a two-building, three-storied multi-family property that contains a total of twelve (12) units, comprised of Ten (10), 2-Bedroom/1-Bathroom units and Two (2), 3-Bedroom/1-Bathroom units with 13,602 square feet of living space in 18,136 square feet of total gross area on a 0.16-acre parcel. 355-365 Prospect consists of Nine (9) units with Nine (9) Two-Bedroom/1 Bathroom Units. 6-8 Clary Street consists of three (3) units with (2) 3-Bedroom/1-Bathroom units and one (1) 2-Bedroom/1-Bathroom unit. The Property features hardwood floors throughout, in-unit washers and dryers, and direct entry for the Prospect Street units. Several units feature modern upgrades including granite countertops, new cabinets, and stainless-steel appliances, including gas stoves, and central AC. Each of the units are separately metered for gas heat, hot water and electricity. Also 6-8 Clary Street is sub-metered for water and sewer. 355-365 Prospect Street and 6-8 Clary Street offers the opportunity to acquire a well-maintained 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.

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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.