68 Gore St - Apartments FOR SALE


Cambridge, MA 02141- East Cambridge
$1,750,000 USD
781-776-4000
68 Gore St, Cambridge, MA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/7
null | 5.69% Cap Rate

68 Gore St
Cambridge, MA 02141
East Cambridge


HIGHLIGHTS

  • Dynamic Cambridge Location
  • Transit Oriented Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multifamily investment property located at 68 Gore Street in Cambridge, Massachusetts (the “Property”). Situated in an incredible highdensity, 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. 68 Gore Street is a three-story multi-family building that contains a total of three (3) units, comprised of one (1) 3-Bedroom/1-Bathroom unit and two (2) 2-Bedroom/1-Bathroom units with 2,889 square feet of living space in 3,705 square feet of total gross area on 0.04-acres of land. Each of the units are separately metered for heat (gas – FHW), hot water, and electric. The opportunity exists to upgrade the units with modern amenities and to convert a 2-Bedroom unit to a 3-Bedroom unit to drive income at the Property by bringing rents up to market rates. Additionally, the Property offers off-street parking and on-site laundry for residents. 68 Gore Street offers the opportunity to acquire an investment Property in an exceptional, urban-infill location with future upside. The subject property is ideal for a potential buyer looking for an attractive value-add opportunity with 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

$1,750,000 USD

PRICE/SF

$606 USD /SF

# OF UNITS

3

PRICE/UNIT

$583,333

CAP RATE

5.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

68 Gore St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,795 SF

ZONING

C-1

APN/PARCEL ID

CAMB-000021-000000-000083

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 Notice.

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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