Rare opportunity to own a turn-key investment with potential further development. This offering is a neat 3 family with parking. Located in the highly desirable Area IV of Mid-Cambridge just steps from Central Square with a short walk to Kendall Sq. With an on site inspection you will discover that the building has been meticulously maintained inside and out. All units display a 2 bed 1 bath layout with thoughtful finishes and touches as if owner occupancy or condo conversion was always an interest. High ceilings, premium hardwood, modern fixtures, granite, stainless, bay windows and a naturally flowing layout. Private laundry in each apartment. Super clean basement with private storage for all units. Parking for all 3! Feedback from the rental market places these units in a top tier bracket for desirability and price point which has kept them coveted by return tenants or referrals. This property checks a TON of boxes for a variety of different investment seekers.
This home has been viewed 27 times
Last Checked: May 7th, 2024 at 4:31am (Source: MLS PIN #73078441)
Gross Income: $104,400
Gross Expenses: $10,775
Net Income Calc: $93,625
CAP Rate: 4.68%
Annual Expenses for 8 Suffolk St, Cambridge MA 02139
Total Gross Expenses (Calculated)$10,775/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$10,775
Annual Income & Unit Breakdown for 8 Suffolk St, Cambridge MA 02139
Total Gross Income (Calculated)$104,400
Unit 1
Rental Income$3,300
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,700
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$2,700
LeaseY
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
General Information for 8 Suffolk St, Cambridge MA 02139
Listing ID73078441
Property TypeMulti Family / 3 Family
Price$2,000,000 ($673.4/SqFt)
Style3 Family
CityCambridge
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,970 SqFt
Approximate Lot Size (Acres)0.06 acres
Total Parking3
Garage Parking
Year Built1903
Year Built SourcePublic Records
Year Renovated
Year Built DetailsRenovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesEasements
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningC-1
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 8 Suffolk St, Cambridge MA 02139
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$104,400
Total Net Income By Broker$104,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 8 Suffolk St, Cambridge MA 02139
Real Estate Taxes$10,775
Tax Year2022
Assessed Value$1,820,100
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$104,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$104,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)4.68%
Location Information for 8 Suffolk St, Cambridge MA 02139
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 8 Suffolk St, Cambridge MA 02139