45 Dana offers the opportunity to acquire a turnkey investment in an exceptional, residential neighborhood of Mid-Cambridge. Perfect location in the heart of the city between Inman, Central, and Harvard squares. Colonial Revival three-story, frame apartment building with ten (10) units comprised of two (2) 3-Bedroom/1 Bathroom units, eight (8) 1-Bedroom/1-Bathroom units with 9,195 square feet of living area on 7680 square feet lot. 45 Dana has been well maintained and renovated throughout the years featuring a new roof and new windows as well as updated electrical, plumbing and gas service. Unit features consist of quality finishes including, hardwood floors high ceilings, fireplace living rooms. Each unit is separately metered for electric and gas (cooking). Do not walk the property without a scheduled appointment.
115 Hampshire St is a nine-unit mixed-use building in the Inman Square neighborhood of Cambridge, Massachusetts. The professionally managed asset features three retail units on the ground floor, as well as six residential apartments on the second and third floors. The retail units consist of a café, a laundromat, and a convenience store. The property is well maintained, and many of the units have been updated to stainless steel appliances and granite countertops in the kitchens The property is a 15-minute walk to Kendall Square and a 20-minute walk to Harvard Square. The property also sits ideally located between Harvard, it’s 21,000 students, and MIT and it’s 11,300 students. The Green Line Extension in Somerville’s Union Square is a mere 15-minute walk giving quick access to Medford, Cambridge Crossing, and Boston’s western neighborhoods, like Allston and Brighton.
18 Fainwood Circle consists of a three-story building with three 4-Bedroom/1-Bathroom units (currently rented as 3-bedroom units). Each of the units are separately metered for heat (gas - steam radiators), hot water, and electricity. The opportunity exists to utilize each unit as a 4-bedroom unit as well as potentially adding a 2nd bathroom by utilizing the pantry space in the kitchen. Unit 1 features in-unit washer and dryer and an enclosed porch (all season) at the rear of the unit. Units 2 and 3 have access to a laundry facility in the basement, and feature front and rear porches. Additionally, the building has a tandem parking space that can accommodate 3 vehicles. 18 Fainwood Circle is well maintained with recent capital improvements. The opportunity exists, through programmatic upgrades, to significantly increase the rental income or position the property for a condo exit.
Columbia Street is a fully leased six (6) unit multi-family building ideally located in the Central Square area of Cambridge, MA. Located in the heart of Central Sq., walking distance to MIT, labs of Kendal Sq., shops, restaurants, public transportation and all Cambridge has to offer. The property is made up of a single building with six (6) market rate units. The left side mirrors the right side with each unit boasting 4 beds, 1.5 baths, forced hot by gas, Central AC and in-unit laundry. The walk-out basement includes bike storage and private storage lockers for each unit. Each unit pays their own utilities and the building’s small footprint offers low ongoing maintenance. Recent updates include newer HVAC systems, newer gas hot water tanks and recent exterior paint. This offering provides tremendous upside to increase rents with in-place tenants or significantly through renovations of kitchens and baths.
Cambridge is located in Massachusetts. Cambridge, Massachusetts has a population of 116,892. Cambridge is less family-centric than the surrounding county with 31.66% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Cambridge, Massachusetts is $112,565. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Cambridge is 30.5 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 48 inches per year, with 50 inches of snow per year.
