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Home Massachusetts Cambridge Multi-Family Homes for Sale

216 Rindge Ave Cambridge, MA 02140

216 Rindge Ave, Cambridge, MA
16 Days on Boston Pads
Price Reduced $40,000
0 Photos
$4,450,000
6 Unit
15 Beds
8 Baths
3173 SQFT
0.13 Acre
216 Rindge Ave
Cambridge, MA 02140

Property Description

This six-unit income property in North Cambridge is a fantastic investment for rental or make this your next condo conversion project. Conveniently located within walking distance of Alewife Station, Mass Ave. and the Minuteman Bike Path, the building is ideally situated for today's urban commuter. Small yard space and parking for 6 cars are an added bonus. All units have been recently updated and have hardwood floors throughout. This is a cash flow investment to any potential savvy investor. Weekend OPEN HOUSE 4PM-5PM or Weekdays by appointment.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 6
  • Total Bedrooms: 15
  • Total Full Baths: 8
  • Amenities: Public Transportation, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Gross Operating Income: 77100
  • Gross Expenses: 15595
  • Water/Sewer: 2743
  • INSC: 5927
  • Net Operating Income: 61505

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 3

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 3

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73263716
  • Last Updated: 07/26/24
  • Terms: Assumable, Seller 1st

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
07/24/2024Price Change$4,450,000$1,402MLSPIN
07/24/2024Price Change$4,480,000$1,412MLSPIN
07/15/2024Active$4,490,000$1,415MLSPIN
07/12/2024New$4,490,000$1,415MLSPIN
04/01/2024Expired$4,590,000$1,447MLSPIN
02/23/2024Active$4,590,000$1,447MLSPIN
02/19/2024New$4,590,000$1,447MLSPIN

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View Breakdown

Seller's Representative: Luca Dell'Anese, USA-China Real Estate
Sub Agent Compensation: 2
Buyer Agent Compensation: 0
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: Yes

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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.

MLS PIN data last updated at 2024-07-26 18:00:00