620 Cambridge St - Apartments FOR SALE


Cambridge, MA 02141- East Cambridge
$4,499,000 USD
617-285-2578
620 Cambridge St, Cambridge, MA for Sale
$4,499,000 USD
Apartments - FOR SALE
1/15
null | 6.04% Cap Rate

620 Cambridge St
Cambridge, MA 02141
East Cambridge


HIGHLIGHTS

  • Rarely available fully occupied mixed-use investment property in East Cambridge, MA

OVERVIEW

INVESTMENT HIGHLIGHTS THE ASSET: 616-620 Cambridge Street in East Cambridge is a FULLY OCCUPIED, two-story, mixed-use building (8,201SF) comprised of four (4), 2-Bedroom/1-Bathroom units positioned above two (2), retail units, as follows: Retail Unit #1: City Liquors--a popular, well established liquor store New Restaurant Unit #2: Senmi Ramen--tenant built-out new restaurant/new lease. The East Cambridge outlook remains bright as rental demand continues at a steady rate. PRIME EAST CAMBRIDGE NEIGHBORHOOD: 616-620 Cambridge Street is located in one of the most desirable and supply-constrained urban neighborhoods. The area is characterized by dense residential development, strong demographics, and a vibrant mix of neighborhood retail, dining and within walking distance to many convenience-oriented businesses.

FOR SALE DETAILS

PRICE

$4,499,000 USD

PRICE/SF

$549 USD /SF

# OF UNITS

6

PRICE/UNIT

$749,833

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

616-620 Cambridge Street, East Cambridge, MA

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,080 SF

ZONING

BA, Cambridge--Up zoning*

APN/PARCEL ID

CAMB-000034-000000-000008

ASK ABOUT THIS PROPERTY

Thomas BlakelyTRB RealtyMore Info
617-285-2578

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Thomas BlakelyTRB RealtyMore Info
617-285-2578

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