18 Fainwood Cir - Multi-Family FOR SALE


Cambridge, MA 02139
$2,400,000 USD
781-776-4000
18 Fainwood Cir, Cambridge, MA for Sale
$2,400,000 USD
Multi-Family - FOR SALE
1/12
null | 4.22% Cap Rate

18 Fainwood Cir
Cambridge, MA 02139


HIGHLIGHTS

  • Dynamic Cambridge Location
  • Transit Oriented Location
  • Well-Located Asset with Rent Growth

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 18 Fainwood Circle in Cambridge, Massachusetts (the “Property”). Located in an exceptional, urban-infill location in Cambridge’s Inman Square neighborhood on the Cambridge/ Somerville border, the Property is a short walk from both Central Square (Red Line – 0.7 Miles) and Union Square (Green Line – 0.7 Miles) and is 1-mile from Harvard Square. The Property offers the rare opportunity to acquire an exceptionally well-located asset in one of the strongest real estate markets in a region that is poised for future growth. The Property consists of a three-story building with three (3), 4-Bedroom/1- Bathroom units (currently rented as 3-bedroom units) with 3,669 square feet of gross living area in 5,550 square feet of gross area, on a 0.10-acre parcel. 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 of the asset or position the property for a condo exit.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

3

PRICE/UNIT

$800,000

CAP RATE

4.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1916

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.