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Closed

200-202 Banks St, Cambridge MA 02138

$2,495,000

Estimated $4,950.38/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $1,247,500

Total Rent: 92400/year

Estimated CAP Rate: 3.07%

4 Bedrooms

4 Full Baths

2,427 SqFt

Total Parking: 3

3,625 SqFt

This one has it all! Location, location, Location! Spacious updated two family home with backyard and expansive private driveway to complete the package! This beauty is centrally located in Cambridge just steps away from Harvard University, the Charles River and a short walk to Harvard Square. Each unit features two bedrooms and two full bathrooms, both boasting hardwood floors throughout, updated kitchen appliances and granite counter tops. Many recent updates- Roof (2018) newly landscaped yard with sprinkler system, Unit 200- paint and floors (2017), refrigerator (2022). Unit 202-paint and floors (2019), gas stove (2022), tankless water heater (2014). The property has a walk score of 95 and a bike score of 99! Both units tenanted through August 2023. Truly a turn key property!

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 12:41am (Source: MLS PIN #73069450)

Gross Income: $92,400

Gross Expenses: $15,857

Net Income Calc: $76,543

CAP Rate: 3.07%

Annual Expenses for 200-202 Banks St, Cambridge MA 02138

Total Gross Expenses (Calculated)$15,857/year

APOD AvailableNo

Heating

Electricity

Water$1,800

Gas$1,800

Insurance$2,200

Sewer$1,800

Trash Removal

Repair & Maintenance$1,000

Management

Miscellaneous

Real Estate Tax$10,857

Annual Income & Unit Breakdown for 200-202 Banks St, Cambridge MA 02138

Total Gross Income (Calculated)$92,400

Unit 1

Rental Income$3,500

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit3

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$4,200

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit3

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 200-202 Banks St, Cambridge MA 02138

Listing ID73069450

Property TypeMulti Family / 2 Family

Price$2,495,000 ($1028.02/SqFt)

Style2 Family - 2 Units Side By Side

CityCambridge

CountyMiddlesex

MLS AreaRiverside

Neighborhood(s)

Approximate Living Area Total2,427 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking3

Garage Parking

Year Built1870

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningC-1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 200-202 Banks St, Cambridge MA 02138

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$15,857

Total Gross Income By Broker$92,400

Total Net Income By Broker$76,543

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 200-202 Banks St, Cambridge MA 02138

Real Estate Taxes$10,857

Tax Year2022

Assessed Value$1,834,000

Financial Data SourceOwner

Total Gross Expenses By Broker$15,857

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$92,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$76,543

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.07%

Location Information for 200-202 Banks St, Cambridge MA 02138

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaRiverside

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), University

Contact Information for 200-202 Banks St, Cambridge MA 02138

Agent

Name: Jyothi Kalra

Office

Name: Urban Circle Realty

Phone: 617-903-0371

Payment Calculator

, Interest

Property Taxes 904.75

Principal & Interest 15373.4

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Urban Circle Realty

Jyothi Kalra

Agent Phone

Office Phone

(617) 903-0371

Text Agent Call Agent Call Office

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[year_built] => 1870
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                )

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)

)

EXIT