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4-Unit Brick Multifamily 602-604 Cambridge st 4 Unit Apartment Building $3,528,200 CAD ($882,050 CAD/Unit) 6.16% Cap Rate Boston, MA 02134
Investment Highlights
- CASH FLOW - fully leased
- LOCATION - excellent rental location in Allston
- CURB APPEAL - recent renovation
- PUBLIC TRANSIT - easy access to MBTA bus and subway lines
Executive Summary
602-604 Cambridge Street is a three-story, 4,693 ± SF apartment building improved on a 6,102 ± SF lot. The building contains two (2) large five-bedroom / 2-bath apartments on the 1st and 2nd floor. The top floor is a one-bed / one-bath apartment, and the lower level includes a two-bedroom / one-bath unit. The site also includes a garage with off-street parking for two (2) vehicles. In addition to the garage there is room to park additional vehicles on the lot. The building is fully leased through July 2027.
Property Facts
| Price | $3,528,200 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $882,050 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.16% | Building Size | 4,693 SF |
| Gross Rent Multiplier | 12.7 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Zoning | M1 - Commercial/multifamily | ||
| Price | $3,528,200 CAD |
| Price Per Unit | $882,050 CAD |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| Gross Rent Multiplier | 12.7 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,693 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | M1 - Commercial/multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 5+2 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | ALLS-000000-000021-001216 | Improvements Assessment | $1,976,608 CAD |
| Land Assessment | $779,344 CAD | Total Assessment | $2,755,952 CAD |
Property Taxes
Parcel Number
ALLS-000000-000021-001216
Land Assessment
$779,344 CAD
Improvements Assessment
$1,976,608 CAD
Total Assessment
$2,755,952 CAD
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4-Unit Brick Multifamily | 602-604 Cambridge st
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