Listing ID73081151
Price$7,700,000
StatusActive
Bedrooms30
Total Baths22
Full Baths22
SqFt
12,580
Acres
0.190
CountyMiddlesex
Year Built1900
Property TypeResidential Income
Property Sub Type5+ Family - 5+ Units Side by Side
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.
County
Middlesex
Property Sub Type
5+ Family - 5+ Units Side by Side
Property Type
Residential Income
Year Built
1900
Appliances
Gas Water Heater
Bathrooms Total Decimal
22
Building Area Units
Square Feet
Living Area
12580
Rooms Total
99
Stories Total
7
Electric
Individually Metered
Farm Land Area Units
Square Feet
Foundation Details
Other
Lot Features
Other
Lot Size Area
0.19
Lot Size Square Feet
8407
Lot Size Units
Acres
Number Of Units Total
13
Parking Features
Off Street
Parking Total
4
Road Frontage Type
Public
Roof
Shingle, Rubber
Sewer
Public Sewer
Water Source
Public
Building Area Source
Public Records
Community Features
Other
Country
US
Directions
Rt 28 to Gore St, turn on 5th or Sciarappa St
Waterfront
no
Zoning
R1
FLRS 2
1
FLRS 3
2
FLRS 4
1
GRE
83416
Lead Paint
Unknown
Levels 1
1
Levels 2
1
Levels 3
2
Levels 4
1
Listing Alert
No
Mls Status
Active
FLRS 1
1
Offline List Number
3547785
Page
9999
SqFt Includes Basement
Yes
Team Member
CN212671,CN212669
Year Built Details
Unknown/Mixed
Year Built Source
Public Records
Buyer Agency Compensation
1.75
Compensation Based On
Gross/Full Sale Price
Disclosure
N
Down Payment Resource
No
Financial Data Source
Estimated
Gross Income
499800
Lease 1
Y
Lease 2
Y
Lease 3
Y
Lease 4
Y
List Price Per SqFt
612.08
Net Operating Income
416384
Operating Expense
83416
Price Per SqFt
612.08
Sub Agency Offered
Yes
Tax Annual Amount
34752
Tax Assessed Value
5930400
Tax Book Number
9999
Tax Year
2023
Total Actual Rent
11675
Schedule a Showing - Listing ID 73081151
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