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$2,350,000
Total Beds: 10 Total Baths: 5
Total Units: 5 SQFT: 4263
LOT size: 0.08 Acres
144 Spring St
Cambridge, MA 02141
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Property Description

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.

Property Details

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 10
  • Total Full Baths: 5
  • Amenities: Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen
  • Common Interior Features: Tile Floor
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Expenses Source: Limited Information, Owner Provided
  • Gross Operating Income: 121800
  • Gross Expenses: 22000
  • Net Operating Income: 99800

Utilities

  • Heat Zones: 5
  • Electric Info: 100 Amps, Other (See Remarks)
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Electric Range, Varies per Unit, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1894
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber, Tar & Gravel
  • Flooring Type: Hardwood, Laminate, Tile, Vinyl
  • Lead Paint: Unknown, Yes
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73227341
  • Last Updated: 05/10/24

Mortgage Calculator

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Map

Seller's Representative: Bill Aibel, Coldwell Banker Realty - Cambridge
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 1
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-10 14:10:00

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