Adam Day
Steve Bremis Realty Group | 617-908-5653 | adam@bostonrealtywest.com

359 Cambridge St, Cambridge, MA 02141

Multi-Family

$4,349,900
Price

9
Units
8,183
Approx. GLA
NINE UNITS and the current Sellers have done all the work to convert the building to condos…for you! Floor plans and condo docs have been completed but the deed(s) have not been recorded. Great overall condition. Incl 2 retail storefronts and offices on the first floor. A striking center split natural oak staircase divides six residential units (3 on each side). Features incl exposed brick, oak hardwood floors and eat in kitchens. There is a 1 bedroom, a 2 bedroom, 2-3 bedroom units and 2-4 bedroom units. Great potential roof deck in rear of property. Most units have gas stoves. Two retail storefronts in the front and additional office space in the back of the property. Recent major improvements include a new steam boiler in 2019 and a new rubber roof in 2020. Amazing location on foot, bike or transit… rated a WALKER’S PARADISE Walk Score of 93. The Green Line is less than half a mile. Both Red and Orange Line are less than a mile. Fantastic Investment or Condo Conversion!
Open House
No scheduled Open Houses
Highlights
List Price: $4,349,900
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Active
Beds: 17
Baths: 9
Half Baths: 1
Units: 9
Year Built: 1910
Approx. GLA: 8,183
MLS#: 72871614
 
Interior
Basement: Yes
Electricity Cost: $7,198
Rooms: 32
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.11
Lot Size: 5,006.00
Lot Description: City View(s)
Foundation: Other (See Remarks)
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $2,328,500
Taxes: $13,621
Tax Year: 2021
Book/Page: 27368/291
Beach
Beach: No
Expenses
Gross Income: $260,100
Gross Expenses: $88,158
Total Rent: $21,675
Net Income: $171,942
Gas Cost: $9,500
Insurance Cost: $9,107
Management Cost: $14,578
R&M Cost: $13,208
Water Cost: $6,000
Additional
Disclosure Declaration: No
Disclosure: Condo docs have been drawn up, along with floor plans but nothing has been filed to complete the process... Reasonable notice required for all showings. Detailed sheet with income and expenses available. Asking listing agent for more details.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 Yes 1 $2,700
Unit 2 6 4 0 2 1 1 Yes 1 $3,750
Unit 3 6 4 0 2 1 0 Yes 1 $3,300
Unit 4 5 3 0 3 1 0 Yes 1 $2,500
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The listing office is Steve Bremis Realty Group and the listing agent is The Steve Bremis Team. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 9/22/2021 7:35:00 AM.
 
Adam Day
Adam Day
Senior Sales Executive
Steve Bremis Realty Group