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    7-9 Reed Street

    Cambridge, MA 02140
    • $2,775,000
    • STATUS: Under Agreement
    • MLS #: 72777050
    Pending
    UPDATED: 36 min ago
    $2,775,000
    • 11
      BEDS
    • 0.09
      ACRES
    • 5
      BATHS
    • 1
      1/2 BATHS
    • 4,724
      SQFT
    • $587
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Charles Petitti of Coldwell Banker Realty - Newton.

    Description

    $100K PRICE REDUCTION !!! ATTENTION DEVELOPERS A GREAT CONDOMINIUM CONVERSION OPPORTUNITY ON QUIET ONE WAY STREET IN NORTH CAMBRIDGE, PROPERTY BOASTS A TOTAL OF 6,593 SQUARE FEET READY FOR CONVERSION, WITH A POTENTIAL SELL OUT PRICE OF OVER $6.2 MILLION (AT $950 PSF), OR JUST KEEP THIS TURN KEY CASH COW WITH LEASES GENERATING $143,760.00 PER YEAR WITH A FUTURE BONUS POTENTIAL TO SEEK PERMITS TO FINISH OFF THE 1,500SF LOWER LEVEL (PARTIALLY SEMI FINISHED VACANT BASEMENT APARTMENT) FOR ADDITIONAL RENTAL INCOME!!!! *****SOME SELLER FINANCING MAY BE AVAILABLE*******SEE THE ATTACHED DOCUMENT "RENTAL/LEASE INFORMATION SHEET" & "CONDOMINIUM CONVERSION PRO FORMA" *******

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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 2021-03-04T22:07:19.507.
    www.refinderma.com/homes/113455114
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    7-9 Reed Street Cambridge, MA 02140

    • Price: $2,775,000
    • Status: Under Agreement
    • Updated: 36 min ago
    • MLS #: 72777050
    11
    Beds
    5
    Baths
    1
    ½ Baths
    0.09
    Acres
    4,724
    SQFT
    $587
    $/SQFT
    1910
    Built
    Neighborhood:
    Other
    County:
    Middlesex
    Area:
    Other
    Property Description
    $100K PRICE REDUCTION !!! ATTENTION DEVELOPERS A GREAT CONDOMINIUM CONVERSION OPPORTUNITY ON QUIET ONE WAY STREET IN NORTH CAMBRIDGE, PROPERTY BOASTS A TOTAL OF 6,593 SQUARE FEET READY FOR CONVERSION, WITH A POTENTIAL SELL OUT PRICE OF OVER $6.2 MILLION (AT $950 PSF), OR JUST KEEP THIS TURN KEY CASH COW WITH LEASES GENERATING $143,760.00 PER YEAR WITH A FUTURE BONUS POTENTIAL TO SEEK PERMITS TO FINISH OFF THE 1,500SF LOWER LEVEL (PARTIALLY SEMI FINISHED VACANT BASEMENT APARTMENT) FOR ADDITIONAL RENTAL INCOME!!!! *****SOME SELLER FINANCING MAY BE AVAILABLE*******SEE THE ATTACHED DOCUMENT "RENTAL/LEASE INFORMATION SHEET" & "CONDOMINIUM CONVERSION PRO FORMA" *******
    Exterior Features

    Beachfront No Color White Construction Frame Exterior ClapboardWood Exterior Features PorchPatio Foundation Fieldstone Foundation Size 1500 Lot Description Paved Drive Parking Features Off-Street Parking Spaces 1 Road Type PublicPaved Roof Material Rubber Waterfront Flag No Waterview Flag No

    Interior Features

    Appliances Unit1 RangeWall OvenRefrigeratorWasherDryerWasher HookupDryer Hookup Appliances Unit2 RangeWall OvenDishwasherRefrigeratorWasherDryerWasher HookupDryer Hookup Appliances Unit3 RangeWall OvenDishwasherRefrigeratorWasherDryerWasher HookupDryer Hookup Appliances Unit4 RangeWall OvenDishwasherRefrigeratorWasherDryerWasher HookupDryer Hookup Basement Yes Basement Features FullPartially Finished Bedrooms Unit1 2 Bedrooms Unit2 1 Bedrooms Unit3 4 Bedrooms Unit4 4 Cooling Units 0 Cooling Zones 0 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Floors Unit4 3 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 2 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit4 1 Heat Units 3 Heat Zones 3 Heating Unit1 Forced AirGas Heating Unit2 Forced AirGas Heating Unit3 Forced AirGas Heating Unit4 Forced AirGas Hot Water Natural GasTank Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 22 Rooms Description Unit1 Living RoomDining RoomKitchenSunroom Rooms Description Unit2 Living RoomKitchen Rooms Description Unit3 Living RoomDining RoomKitchenLaundry Rooms Description Unit4 Living RoomDining RoomKitchenLaundry Rooms Unit1 5 Rooms Unit2 3 Rooms Unit3 7 Rooms Unit4 7

    Property Features

    Adult Community No Amenities Public Transportation Apod Available No Assessments 1950400.00 Disclosure No Electric Features 110 Volts220 Volts100 Amps Gross Operating Income 143760 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lease Unit4 Y Lender Owned No Lot 153 Multifamily Type 4 Family Net Operating Income 143760 Rent Description Unit1 Heat Rent Description Unit2 Heat Rent Unit1 2580 Rent Unit2 2170 Rent Unit3 3880 Rent Unit4 3350 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures 6593SF TOTAL BUILDING AREA PER PUBLIC RECORD Sq Ft Source Public Record Tax Year 2020 Taxes 10384.00 Terms Seller W/Participate Warranty No Water City/Town Water Year Built Description Approximate Year Built Source Public Record Year Round Yes Zoning Res

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Charles Petitti of Coldwell Banker Realty - Newton.


    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 2021-03-04T22:07:19.507.
     
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    Exit Realty
    191 South Main Street
    Middleton MA, 01949
    Listing courtesy of Charles Petitti of Coldwell Banker Realty - Newton.