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171-173 River St
Cambridge, MA. 02139-3813

Middlesex County
Area: Central Square
Directions: Howard To River

MLS # 72796058 - Under Agreement
Multi-Family 3 Family    

List Price $1,995,000 Days on Market  
List Date   # Units 3
Sale Price   # Floors  
Sold Date   Rooms 18
Assessed Value $1,504,700 Bedrooms 9
Gross Living Area 4,308SF Full Baths 3
Lot Size 2,047SF Half Baths 0
Taxes $8,802.00 Fireplaces  
Tax Year 2021 Basement Yes
Zoning BA Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1905 Parking Spaces 0
    Garage Spaces 0

Remarks:

Rare opportunity to own a Gigantic 3-Family property in popular Central Square, one of the most ideally situated neighborhoods to take advantage of everything Cambridge has to offer. With all of the units currently leased until August, this income producing property has incredible potential for condo conversion, multi-generational living, or the opportunity to occupy one unit and rent out the others. All three units are huge 3 bed-1 baths with shiny hardwood floors, eat-in kitchens, and dishwashers. The 2nd and 3rd floor kitchens have pantries. Each unit also has a fantastic Private Deck. There is shared, free laundry on the first floor. Potential to add additional square footage by expanding into the massive basement. The building has been well maintained, with vinyl replacement windows and a new roof added in 2019. You and your tenants will love this location. Being equidistant to Central and the Charles River, you'll be close to Harvard, MIT, BU, Red and Green Lines and busses.

Features
Amenities   Public
   Transportation,
   Shopping, Park,
   Walk/Jog Trails,
   Laundromat, Bike Path,
   Highway Access, Public
   School, T-Station,
   University
Basement   Full
Construction   Frame
Electricity   220 Volts,
   100 Amps
Exterior   Vinyl
Exterior Feat.   Porch
Flooring   Hardwood
Foundation   Fieldstone
Heating Zones   3
Hot Water   Natural Gas
Lead Paint   Unknown
Lot   Easements, Level
Parking   On Street Permit
Road   Public
Roof   Rubber
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Gas Range
Units
Common Features Appliances: Washer, Dryer
Unit 1 Appliances: Range, Dishwasher, Disposal, Refrigerator; Bedrooms: 3; Floor: 1; Full Baths: 1;
     Interior: Hardwood Floors; Lease: Yes; Levels: 1; Rent: 2200; Rooms: 6; Rooms Desc.: Living Room,
     Kitchen
Unit 2 Appliances: Range, Dishwasher, Refrigerator; Bedrooms: 3; Floor: 2; Full Baths: 1; Interior:
     Hardwood Floors; Lease: Yes; Levels: 1; Rent: 3200; Rooms: 6; Rooms Desc.: Living Room, Kitchen
Unit 3 Appliances: Range, Dishwasher, Refrigerator; Bedrooms: 3; Floor: 3; Full Baths: 1; Interior:
     Hardwood Floors; Lease: Yes; Levels: 1; Rent: 3100; Rooms: 6; Rooms Desc.: Living Room, Kitchen
Financial Info
Electricity   $400
Expenses Source  
   Estimated
Gross Expenses   $6,100
Gross Oper. Income  
   $102,000
Insurance   $3,200
Net Oper. Income  
   $102,000
Water   $2,500
Additional Information
APOD Available?   No
Anticipated Sale Date  
   04/30/2021
Deed   Book: 45494, Page:
   38, Cert. #: 00134712
Disclosures   1st floor
   was rented for $3,300.00
   but one of the tenants
   left so now rent is
   $2,200.00 Will be
   $3,300.00 when they find
   a 3rd tenant again.
   Leases expire 8-31-21.
   Tenants would like to
   renew leases at the end
   of term. Utilities are
   separate tenants pay
   Heat, Hot water and
   electrical.
Foreclosure   No
GLA Source   Public Record
Off Market Date   3/17/21
Parcel #   M:00125 L:00106
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.   Actual
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 3/17/21 5:04pm

Courtesy: MLSPIN

Listing Office: RE/MAX Destiny Listing Agent: David Lilley


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The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.