MLS Number 72271140
- Multi-Family 5-9 Family
- Bedrooms 6
- Year Built 1920
Rare mixed use multi-family walkable to Harvard and Porter Square. First floor is comprised of two commercial spaces currently leased to stable restaurants with many years of rental history. The second floor consists of a renovated 3 bedroom apartment and a large 1 bedroom. The 3 bedroom was renovated in spring 2017 and has laundry in the unit; the 1 bedroom is older but in good condition, and it has a private deck. The third floor consists of 2 large studio, or 1 bedroom efficiency, apartments. Both are in good condition and one was updated approximately 2 years ago. Tenants pay their own utilities, and commercial tenants pay their own water bill and insurance. This is a cash cow with below market rents in an absolutely unbeatable location. Properties like this almost never come on the market in such good condition and with existing upside just by raising rents. A few easy improvements offer easy value add opportunities. 1 bedroom and one studio are T.A.W. The rest are on leases.
Listed by David Scott of Apartment Rental Experts LLC
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Est. Mortgage: $/month
Federal 30-year interest rate: 3.94% last updated on 2017-12-21
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