Multi-Family Investment Opportunity in Cambridge

20 Bedroom    9 Baths

Special Cambridge Multi-family investment opportunity. 8 units. Gross rents for leases signed 2013 $234,960. Gross rents for 2014 $247,200. Projected 2015 Gross rents $273,600. Gutted to the Studs in the mid 80s by leading architect. 4 attached townhouses. (4) 4-Bedrooms/2.5 baths/W/D in unit, 1500 sq units. (4) Basement Studio apartments with full kitchens, baths, and separate entrances. (4) separate meters for Gas and Electric. Highly sought after location for Harvard, MIT. Minutes from Harvard Square, Central Square, Harvard Business School (across the river). Established building w/ modern layout. Updated systems and roof. Hardwood floors. Units are rented through summer 2015. Most recent unit rented for $4200/month (April 2014). Long-term tenants in one unit has a 3500/monthly rent.