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1126 Cambridge St. Cambridge , MA 02139
$19,950
You save 1% of the purchase
4 bed | 3 bath | 3,126sqft | $8,031 est. monthly cost
$1,995,000
List Price
Home Information
13 Rooms
4 Bedrooms
3 Bathrooms
0 Parking
Back on market due to buyer's inability to obtain financing. Rare opportunity to own a fully leased, mixed-use property right in the heart of Inman Sq. Just 1.1 miles west of Lechmere .7 miles north of Central Sq., and .5 miles south of the new Union Sq. T stop, this 3-unit offering is favorably situated amidst the bustling shops/eateries that comprise Cambridge St. The first-floor business is owned and independently operated by Momi Nonmi, a successful and efficiently functioning takeout destination with a full liquor license. NNN lease is in place for the commercial space which runs up until 2029 with an escalating annual rent (unit currently yields $4,244/month but increases to $5,219/month by term end). Commercial tenant pays for half the water/sewer bill each quarter, as well as the commercial portion of the property taxes. Unit #2 brings in $2,200 per month and unit #3 yields $2,500 per month. Total annual rent for the building amounts to $107,328 with very little overhead.
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Property type
Multi-family
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# of Bedrooms
4
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# of Bathrooms
3
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# Number of Units
3
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Year Built
1862
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Size
3,126
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Lot Size
1,154
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HOA
None
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Basement
Yes
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Heating
-
Total Parking
0
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Roof Material
Rubber
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Flooring