7-9 Reed Street, Cambridge, MA 02140

11 Bed Multi Family For Sale

Posted 48 days ago
Map
Price
$2,775,000
Bedrooms
11
Baths
5 Full Bath, 1 Half Bath
Home Type
Multi Family
Style
4 Family

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Mortgage Calculator

Home Price
Down Payment (%)
Monthly Mortgage Payments
30 Year Fixed
$10,599
15 Year Fixed
$15,331

Property Description for 7-9 Reed Street, Cambridge, MA 02140

$100K PRICE REDUCTION !!! ATTENTION DEVELOPERS A GREAT CONDOMINIUM CONVERSION OPPORTUNITY ON QUIET ONE WAY STREET IN NORTH CAMBRIDGE, PROPERTY BOASTS A TOTAL OF 6,593 SQUARE FEET READY FOR CONVERSION, WITH A POTENTIAL SELL OUT PRICE OF OVER $6.2 MILLION (AT $950 PSF), OR JUST KEEP THIS TURN KEY CASH COW WITH LEASES GENERATING $143,760.00 PER YEAR WITH A FUTURE BONUS POTENTIAL TO SEEK PERMITS TO FINISH OFF THE 1,500SF LOWER LEVEL (PARTIALLY SEMI FINISHED VACANT BASEMENT APARTMENT) FOR ADDITIONAL RENTAL INCOME!!!! *****SOME SELLER FINANCING MAY BE AVAILABLE*******SEE THE ATTACHED DOCUMENT "RENTAL/LEASE INFORMATION SHEET" & "CONDOMINIUM CONVERSION PRO FORMA" *******

Interior Details

Living Area:
4,724 sq. ft.
Price/Sq Ft:
$587.43/sq. ft.

Exterior Details

Acres:
0.09 acres
Lot Size:
3,807 sq. ft.

Other Details

Mls No:
72777050

Unit 1 Details

Rooms: 5
Beds: 2
Baths: 1
Levels: 1
Floor: 1
Rent: $2,580
Leased: Yes

Rooms

Living Room; Dining Room; Kitchen; Sunroom

Appliances

Range; Wall Oven; Refrigerator; Washer; Dryer; Washer Hookup; Dryer Hookup

Heating

Forced Air; Gas

Rent Includes

Heat

Unit 2 Details

Rooms: 3
Beds: 1
Baths: 1
Levels: 1
Floor: 1
Rent: $2,170

Rooms

Living Room; Kitchen

Appliances

Range; Wall Oven; Dishwasher; Refrigerator; Washer; Dryer; Washer Hookup; Dryer Hookup

Heating

Forced Air; Gas

Rent Includes

Heat

Unit 3 Details

Rooms: 7
Beds: 4
Baths: 2
Levels: 1
Floor: 2
Rent: $3,880

Rooms

Living Room; Dining Room; Kitchen; Laundry

Appliances

Range; Wall Oven; Dishwasher; Refrigerator; Washer; Dryer; Washer Hookup; Dryer Hookup

Heating

Forced Air; Gas

Unit 4 Details

Rooms: 7
Beds: 4
Baths: 1/1
Levels: 1
Floor: 3
Rent: $3,350

Rooms

Living Room; Dining Room; Kitchen; Laundry

Appliances

Range; Wall Oven; Dishwasher; Refrigerator; Washer; Dryer; Washer Hookup; Dryer Hookup

Heating

Forced Air; Gas

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 Charles Petitti from Coldwell Banker Realty - Newton. Updated Feb 23, 2021 4:30:03 AM

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