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Listing Details

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Listing courtesy of David Lilley of Re/Max Destiny.

Description

East Cambridge Rare offering of a 2-story mixed use building located on a highly visible corner on Cambridge St. surrounded by trendy shops and restaurants. The 4 residential units on the second floor rent for $10950 a month combined. The modern apartments are all two-beds with stainless appliances and central a/c. Currently leased through August 2022. On the street level are 2 commercial rental units; one is a shared office space and the other is a liquor store. They rents are $7K for liquor store and $5K for the office per a month. The commerical spaces are triple net. There is a basement that spans the entire length of the building. The soon-to-finished Lechmere Green Line Station, along with the massive newly-built North Point mixed-use development is right up the street, and ever-popular Inman Sq is just as close in the other direction. Gross rent is 275,400.00 yrly but commerical tenants pay their share of taxes,ins,water. Residential/commerical units pay their own utilities.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-09-18T00:09:30.49.
www.trustrealtyone.com/homes/119549564
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620 Cambridge St Cambridge, MA 02141

  • Price: $4,850,000
  • Status: Active
  • MLS #: 72869476
0
Beds
0
Baths
0
½ Baths
0.14
Acres
8,201
SQFT
$591
$/SQFT
1950
Built
Neighborhood:
East Cambridge
County:
Middlesex
Area:
East Cambridge
Property Description
East Cambridge Rare offering of a 2-story mixed use building located on a highly visible corner on Cambridge St. surrounded by trendy shops and restaurants. The 4 residential units on the second floor rent for $10950 a month combined. The modern apartments are all two-beds with stainless appliances and central a/c. Currently leased through August 2022. On the street level are 2 commercial rental units; one is a shared office space and the other is a liquor store. They rents are $7K for liquor store and $5K for the office per a month. The commerical spaces are triple net. There is a basement that spans the entire length of the building. The soon-to-finished Lechmere Green Line Station, along with the massive newly-built North Point mixed-use development is right up the street, and ever-popular Inman Sq is just as close in the other direction. Gross rent is 275,400.00 yrly but commerical tenants pay their share of taxes,ins,water. Residential/commerical units pay their own utilities.
Exterior Features

Parking Spaces 0 Stories 2

Interior Features

Maf Building Sq Ft 0.00 Ref Building Sq Ft 2500.00 Rsf Building Sq Ft 4201.00 Total Building Sq Ft 8201.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 1564200.00 Assessed Value Land 703680.00 Assessed Value Total 2267880.00 Commercial Industrial Type Mixed Use Disclosure No Exchange No Lease Yes Lender Owned No Mau Units 0 Ofu Units 1 On File21 E No Reu Units 1 Rsu Units 4 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2021 Taxes 13267.09 Total Units 6 Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Ba

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of David Lilley of Re/Max Destiny.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-09-18T00:09:30.49.
 
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Trust Realty One
20 Chestnut St Suite #1
Needham MA, 02492
Listing courtesy of David Lilley of Re/Max Destiny.