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$1,899,000
Total Beds: 3 Total Baths: 3
Total Units: 3 SQFT: 2190
LOT size: 0.06 Acres
20 Lambert
Cambridge, MA 02141

Property Description

A beautiful 3-decker rebuilt in 2007, you don’t need to do anything but just move in with extra 2 units paying rent, a wonderful turn key investment, The building was installed with a sprinkler system, a certificate of use and occupancy has been issued by city of Cambridge. Beautifully located in Kendall Sq/East Cambridge area where is the home for young professionals who work in first class Bio-tech firms and hi-tech firms in Kendall Sq, the area also hosts lots of young MIT scholars and graduate students....short walks to Green-line Lechmere T & Red-line Kendall/MIT T stop, 2-minutes walk to Twincity plaza for your grocery, and 10-minutes walk to CambridgeSide gallery mall. A great location to live and to invest with great tenants.

Property Details

Building Information

  • Total Units: 3
  • Total Rent: 7885
  • Total Floors: 6
  • Levels: 3
  • Total Rooms: 12
  • RMS: 12
  • Total Bedrooms: 3
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Expenses Year End: 08/20
  • Gross Operating Income: 94680
  • Gross Expenses: 5880
  • Electric Expenses: 360
  • Water/Sewer: 720
  • INSC: 3600
  • Repairs & Maintenance: 500
  • Miscellaneous Expense: 700
  • Net Operating Income: 88800

Utilities

  • Hot Water: Natural Gas
  • Electric Info: 220 Volts, At Street
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors
  • Utility Connections: for Electric Dryer, for Gas Oven, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 2695
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 1
  • Bedrooms: 1
  • Full Baths: 1
  • Other Rooms: Kitchen, Laundry, Living Room
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Vent Hood, Washer
  • Interior Features: Balcony/Deck, Bathroom with Shower Stall, Hardwood Floors, High Speed Internet Hookup, Intercom, Stone/Granite/Solid Counters
  • Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Cooling: Window AC
  • Levels: 1

Unit 2 Description

  • Rent: 2600
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 2
  • Bedrooms: 1
  • Full Baths: 1
  • Half Baths: 1
  • Other Rooms: Kitchen, Laundry, Living Room
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Vent Hood, Washer
  • Interior Features: Balcony/Deck, Bathroom with Shower Stall, Hardwood Floors, High Speed Internet Hookup, Intercom, Stone/Granite/Solid Counters
  • Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Cooling: Window AC
  • Levels: 2

Unit 3 Description

  • Rent: 2595
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 3
  • Bedrooms: 1
  • Full Baths: 1
  • Other Rooms: Kitchen, Laundry, Living Room
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Vent Hood, Washer
  • Interior Features: Balcony/Deck, Bathroom with Shower Stall, Hardwood Floors, High Speed Internet Hookup, Intercom, Stone/Granite/Solid Counters
  • Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Cooling: Window AC
  • Levels: 3

Construction

  • Year Built: 2007
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Hardwood
  • Lead Paint: Unknown

Other Information

  • MLS ID# 72808771
  • Last Updated: 05/14/21
  • Terms: Contract for Deed, Rent w/Option

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