81-91 Winter St is an excellent opportunity to acquire a fully leased investment property with significant upside in an exceptional, urban-infill location at a 5.41% Cap Rate on current income. The highly-walkable East-Cambridge location is a short walk from the Green Line at the New Lechmere Station (0.3 miles), Cambridge Crossing, Kendall Square, MIT, MGH and Downtown Boston. 81-91 Winter St consists of 3 adjacent multi-family buildings and 1 private parking lot with 4 spaces. The Property contains a total of thirteen units, comprised of one Studio unit, two 1-Bedroom/1-Bathroom units, four 2-Bedroom/1-Bathroom units, one 3-Bedroom/1-Bathroom unit, four 3-Bedroom/3-Bathroom townhouse units, and one 4-Bedroom/2-Bathroom unit. All of the units are separately metered for heat, hot water and electric. Both 83 and 85-87 Winter Street have new roofs and new siding, as well as new heating systems throughout (individual boilers and gas meters) in addition to renovated units.
Sold
$7,200,000
81-91 Winter St, Cambridge, MA 02141
30beds
12,580sqft
5+ Family - 5+ Units Side by Side
Built in 1900
-- sqft lot
$-- Zestimate®
$572/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: September 05, 2023 at 02:27pm
Listed by:
John Pentore,
Horvath & Tremblay
Bought with:
Shasha Chang
Peace of Mind Realty
Source: MLS PIN,MLS#: 73081151
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
- Bathrooms: 22
- Full bathrooms: 22
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 12,580
- Total interior livable area: 12,580 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Lot
- Size: 8,407 sqft
- Features: Other
Details
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Side by Side
Materials
- Foundation: Other
- Roof: Shingle,Rubber
Condition
- Year built: 1900
Utilities & green energy
- Electric: Individually Metered
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Other
Location
- Region: Cambridge
HOA & financial
Other financial information
- Total actual rent: 11675