Priced to sell! 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.
Sold
$1,800,000
1126 Cambridge St, Cambridge, MA 02139
4beds
3,126sqft
3 Family
Built in 1862
-- sqft lot
$2,120,100 Zestimate®
$576/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: August 23, 2022 at 08:49am
Listed by:
Joe Danisch,
Coelho Realty Group LLC
Bought with:
Joe Danisch
Coelho Realty Group LLC
Source: MLS PIN,MLS#: 72949727
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Flooring: Wood
- Basement: Full,Finished
- Has fireplace: No
Interior area
- Total structure area: 3,126
- Total interior livable area: 3,126 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
Lot
- Size: 1,306 sqft
- Features: Level
Details
- Parcel number: 403081
- Zoning: BA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Stone
- Foundation: Stone
- Roof: Rubber
Condition
- Year built: 1862
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
Location
- Region: Cambridge
HOA & financial
Other financial information
- Total actual rent: 8944
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$2,120,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,120,100