361 Washington St, Cambridge, MA 02139

18 Bed Multi Family For Sale

Posted 24 days ago
Map
Price
$4,200,000
Bedrooms
18
Baths
6
Home Type
Multi Family
Style
5+ Family

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Home Price
Down Payment (%)
Monthly Mortgage Payments
30 Year Fixed
$16,041
15 Year Fixed
$23,204

Property Description for 361 Washington St, Cambridge, MA 02139

The Property located at 361 Washington Street is a turn-key six-unit multi-family investment property located in Central Square in Cambridge. The three-story building contains six (6) 3-Bedroom/1-Bathroom residential units with 6,378 square feet of living area in 9,220 square feet of gross area on a 0.12-acre parcel. The property is situated in an excellent urban-infill location, only steps to Central Square Station (Red Line). All units have been leased for the 22-23 rental cycle (5 of 6 units expire 8/31/23). The Property has great curb appeal with a well-maintained exterior and grounds and offers on-site laundry, tandem parking, separate heat/hot water and electric for all units as well as covered porches in the buildings rear and hardwood floors throughout. With over $265,000 of Gross Income and a 5.33% CAP RATE, 361 Washington offers investors to acquire a turn-key 6-unit in one of the strongest real estate markets in the country with the opportunity to increase revenue.

Interior Details

Living Area:
6,378 sq. ft.
Price/Sq Ft:
$658.51/sq. ft.

Exterior Details

Acres:
0.12 acres
Lot Size:
5,129 sq. ft.

Other Details

Mls No:
73014689

Unit 1 Details

Rooms: 6
Beds: 3
Baths: 1
Levels: 1
Floor: 1
Rent: $3,600
Leased: Yes

Unit 2 Details

Rooms: 6
Beds: 3
Baths: 1
Levels: 1
Floor: 1
Rent: $3,600

Unit 3 Details

Rooms: 6
Beds: 3
Baths: 1
Levels: 1
Floor: 2
Rent: $3,600

Unit 4 Details

Rooms: 6
Beds: 3
Baths: 1
Levels: 1
Floor: 3
Rent: $3,600

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein. This listing is courtesy of John Pentore from Horvath & Tremblay. Updated Aug 11, 2022 9:30:03 AM

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