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347-349 Broadway

Cambridge, MA 02139
  • $3,250,000
  • STATUS: Active
  • MLS #: 72966794
Price Reduced
UPDATED: 73 min ago
$3,250,000
  • 10
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 2
    1/2 BATHS
  • 7,454
    SQFT
  • $436
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1868
County:

School Ratings & Info

Listing courtesy of Matt Gorman of Edge Realty Advisors.

Description

*New price!* This Cambridge property is truly a rare find! Legally converted into four condos and zoned for residential or office (O-1) use, this oversized multi-family offers the savvy investor unparalleled flexibility. Restore the larger 4-story building into three residential condos or continue development as a commercial property. The free-standing single-family home on the same lot features three floors of living space, 3 beds/2 baths, a porch, and parking. The office building is leased until 10/31/22 for $12,420/month and the single-family is leased until 8/31/22 for $4,550/month. This property features a private parking lot with four spots and the location offers convenient access to Inman Square, Central Square, Harvard, and MIT. Incredible opportunity awaits!

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The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-07-03T15:08:33.697.
www.gillachgroup.com/homes/127698782
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347-349 Broadway Cambridge, MA 02139

  • Price: $3,250,000
  • Status: Active
  • On Site: Days
  • Updated: 73 min ago
  • MLS #: 72966794
10
Beds
3
Baths
2
½ Baths
0.15
Acres
7,454
SQFT
$436
$/SQFT
1868
Built
Neighborhood:
Mid Cambridge
County:
Middlesex
Area:
Mid Cambridge
Property Description
*New price!* This Cambridge property is truly a rare find! Legally converted into four condos and zoned for residential or office (O-1) use, this oversized multi-family offers the savvy investor unparalleled flexibility. Restore the larger 4-story building into three residential condos or continue development as a commercial property. The free-standing single-family home on the same lot features three floors of living space, 3 beds/2 baths, a porch, and parking. The office building is leased until 10/31/22 for $12,420/month and the single-family is leased until 8/31/22 for $4,550/month. This property features a private parking lot with four spots and the location offers convenient access to Inman Square, Central Square, Harvard, and MIT. Incredible opportunity awaits!
Exterior Features

Beachfront No Construction Frame Exterior Wood Exterior Features Porch Foundation Fieldstone Lot Description Level Parking Features Off-Street Parking Spaces 4 Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No

Interior Features

Basement Yes Basement Features FullFinishedWalk OutInterior Access Bedrooms Unit1 3 Bedrooms Unit2 7 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Floors Unit1 1 Floors Unit2 1 Full Baths Unit1 2 Full Baths Unit2 1 Half Baths Unit1 0 Half Baths Unit2 2 Heat Units 2 Heat Zones 4 Hot Water Natural Gas Levels 4 Levels Unit1 3 Levels Unit2 4 Rooms 22 Rooms Common Other (See Remarks) Rooms Unit1 6 Rooms Unit2 16

Property Features

Amenities Public TransportationShoppingMedical FacilityPublic SchoolT-StationUniversity Apod Available No Assessments 3520800.00 Disclosure Yes Disclosures Property Consists Of 2 Free-Standing Buildings Legally Divided into 4 Units (3 in One Building1 in The Other). The 3-Unit Building is Currently Leased To A Single Commercial Tenant But is Zoned For O-1 Or Res Usage. The 1-Unit is Leased To A Residential Tenant. Must Be Sold Together. Exclusions Tenant Belongings Not included in Sale. Gross Operating Income 203640 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lender Owned No Multifamily Type 4 Family Net Operating Income 203640 Rent Unit1 8485 Rent Unit2 8485 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Includes Basement Yes Sq Ft Source Other Tax Year 2021 Taxes 30480.00 Water City/Town Water Year Built Description Actual Year Built Source Public Record Zoning Res/O-1

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Matt Gorman of Edge Realty Advisors.


The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-07-03T15:08:33.697.
 
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The Gillach Group | William Raveis Real Estate
191 Grove Street
Chestnut Hill MA, 02467
Listing courtesy of Matt Gorman of Edge Realty Advisors.