About 144 Spring St
Rare opportunity in a thriving East Cambridge neighborhood close to Kendall to own a 5 unit parcel that consists of 2 separate buildings (front and back with green space in between). The front building is a flat-roof triple decker with 3 units and the rear building is a 2 family. The units have slightly different layouts but all have 4 rooms, 2 bedrooms, one bath and in-unit laundry except for U-1 in the back building. That apartment (U-1 R) has dedicated laundry in the basement and the second bedroom turned into an office. The buildings have a strong rental history and have been extremely well-maintained. All utilities for all apartments are separately metered. Heating systems are gas-fired hot water boilers and hot water tanks are all gas-fired. The exteriors, including fire escapes, are in excellent condition. An unbeatable East Cambridge location that makes for a very smart investment and offers options for investors and end-users. Group showings only. 4/25-4/26 from 4-5:30.
Features of 144 Spring St
| MLS® # | 73227341 |
|---|---|
| Price | $2,350,000 |
| Units | 5 |
| Bedrooms | 10 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 4,263 |
| Acres | 0.08 |
| Year Built | 1894 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active Under Contract |
Community Information
| Address | 144 Spring St |
|---|---|
| Area | East Cambridge |
| City | Cambridge |
| County | Middlesex |
| State | MA |
| Zip Code | 02141-2041 |
Amenities
| Utilities | for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit |
|---|---|
| Parking | On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 9 |
Exterior
| Windows | Insulated Windows |
|---|
Additional Information
| Zoning | C-1 |
|---|---|
| Gross Income | $121,800 |
| Net Operating Income | $99,800 |
| Operating Expense | $22,000 |
| Total Actual Rent | $7,750 |
| Rent Includes | Unit 1(Water) |
Listing Details
| Agent | Bill Aibel |
|---|---|
| Office | Coldwell Banker Realty - Cambridge |