BEDS6
BATHS3 full
SQUARE FEET3,471
MLS#73572556
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
DEVELOPERS, BUILDERS & INVESTORS AND VISIONARY BUYERS!??RARE CAMBRIDGE OPPORTUNITY! Offered for the first time in over 60 years, this three-family property sits on a substantial 7,773 SF lot and presents a compelling combination of immediate income and potential future upside. The property currently features three residential units PLUS 18 off-street parking spaces, creating multiple income streams while a buyer evaluates the property's highest and best use. Opportunities offering this combination of land, existing multifamily income, and significant off-street parking are increasingly difficult to find in Cambridge. Continue operating as an income-producing asset, reposition the existing property, or investigate potential redevelopment, expansion, or additional-unit possibilities. Buyer to perform all due diligence regarding zoning, permitting, density, buildability, and development potential. Seller and listing broker make no representations or warranties regarding future development or additional units. Bring your architect, contractor, and vision!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Window Unit(s)
Heating: Natural Gas
Lot Size: 0.18 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $15,741
Year Built: 1903
Amenities
Living Room
Dining Room
Kitchen
Living RM/Dining RM Combo
Balcony/Deck
Balcony
Feature Descriptions
Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Oven
Building Area Total: 3471
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, House of Worship, Private School, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 4
Dwelling Type: 3 Family
Electric: 200+ Amp Service
Flooring: Tile, Hardwood
HeatingY/N: 1
Lot Features: Corner Lot, Level
Open Parking Y/N: Yes
Parcel Number: M:0201 L:0064,414530
Parking Features: Paved Drive, Off Street
Parking Total: 18
Patio And Porch: Deck - Composite
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
Rooms Total: 15
Sewer: Public Sewer
Units: 3
Utilities: for Gas Range
Water: Public
Window Features: Insulated Windows
Listed By / Shown By
Listed By
Agency Name: REMAX Andrew Realty Services
Agent Name: Guy Contaldi
Agency Phone: 781-395-7676
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 9,870.34 per month $7,566.93 Principal & Interest $1,311.75 Property Tax $991.67 Homeowner's Insurance
2 Cambridge Ter | MLS# 73572556
This multi-family property located at 2 Cambridge Ter, Cambridge, MA 02140 is currently listed for sale with an asking price of $3,400,000. Search Cambridge real estate on www.masiellogrouprealestate.com today.