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4-Unit Brick Multifamily 602-604 Cambridge st 4 Unit Apartment Building $3,554,460 CAD ($888,615 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 | $3,554,460 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $888,615 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 | $3,554,460 CAD |
| Price Per Unit | $888,615 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
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | ALLS-000000-000021-001216 | Improvements Assessment | $2,000,130 CAD |
| Land Assessment | $788,619 CAD | Total Assessment | $2,788,749 CAD |
Property Taxes
Parcel Number
ALLS-000000-000021-001216
Land Assessment
$788,619 CAD
Improvements Assessment
$2,000,130 CAD
Total Assessment
$2,788,749 CAD
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4-Unit Brick Multifamily | 602-604 Cambridge st
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