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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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2 Cambridge Ter , Cambridge, MA 02140
$3,400,000
Est. Payment: $7,555.56/mo
6 Bed
3 Bath
3471 Sqft
Status: Under Agreement | Days on site: 8
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AC2354 - BB923086
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

DEVELOPERS, BUILDERS & INVESTORS AND VISIONARY BUYERS!—RARE CAMBRIDGE OPPORTUNITY! Offered for the first time in over 60 years, this three-family property sits on a substantial 7,773 SF lot and presents a compelling combination of immediate income and potential future upside. The property currently features three residential units PLUS 18 off-street parking spaces, creating multiple income streams while a buyer evaluates the property's highest and best use. Opportunities offering this combination of land, existing multifamily income, and significant off-street parking are increasingly difficult to find in Cambridge. Continue operating as an income-producing asset, reposition the existing property, or investigate potential redevelopment, expansion, or additional-unit possibilities. Buyer to perform all due diligence regarding zoning, permitting, density, buildability, and development potential. Seller and listing broker make no representations or warranties regarding future development or additional units. Bring your architect, contractor, and vision!
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Highlights

Listed by Guy Contaldi , 617-201-0247 REMAX Andrew Realty Services , 781-395-7676.

Property Type

Multi-Family
Lot/Acreage
0.18

Year Built

1903

County

Middlesex

Area

Porter Square

Listing ID

73572556

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Range, Dishwasher, Disposal, Refrigerator, Freezer, Oven
Air Cond:Window Unit(s)
Fireplaces:
Floor:Tile,Hardwood
Other:
  • ▪ Additional:Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
Water:Public

Exterior Features

Lot:Corner Lot,Level
Garage Capacity:18
Zoning:C-1
Roof:Rubber
Others:
  • ▪ Additional:Balcony/Deck, Balcony
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Parking Spaces: 18
Principal Interest
$7,556
Taxes
$1,312

Home Price

$3,400,000

Loan Details

30 yrs
%

Down Payment

20%
$680,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,555.56 $1,311.75 $0.00 $8,867.31
Yearly $90,666.67 $15,741.00 $0.00 $106,407.67
Total $2,720,000.00 $472,230.00 $0.00 $3,192,230.00

Today's Rates

30 Year

0%

20 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Cambridge, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.