2 & 4 Sherman Street Cambridge MA 02138 MLS #73227441

2 & 4 Sherman Street
Cambridge, MA, 02138
$6,500,000
12 Beds
12 Baths
10,656 SqFt
0.23 Acres
Open House May 05, 2024
12:00 – 02:00
Discover an exceptional investment opportunity! Situated in a great location, steps from Danehy Park; close to Porter Square, Harvard University, Davis Square, Alewife and Cambridge’s vibrant shops, restaurants and top universities. These two six-family buildings boast a collection of well-maintained one-bedroom, one-bath units, each offering comfortable living spaces and modern amenities. Nearly all units can be easily converted into spacious two-bedroom apartments. These properties feature ample off-street parking, ensuring convenience and accessibility for tenants. Currently, all units are rented, underscoring the strong rental demand in the area. This turnkey investment promises immediate returns and long-term growth potential. Whether you’re a seasoned investor looking to expand your portfolio or a newcomer seeking a profitable venture, these buildings offer a fantastic opportunity to secure your financial future. Don’t miss this rare chance to own a lucrative piece of real estate

Property Details

Price:
$6,500,000
MLS #:
73227441
Status:
Active
Beds:
12
Baths:
12
Address:
2 & 4 Sherman Street
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Side by Side
City:
Cambridge
Listed Date:
Apr 23, 2024
State:
MA
Finished Sq Ft:
10,656
ZIP:
02138
Lot Size:
10,181 sqft / 0.23 acres (approx)
Year Built:
1920
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Schools

Interior

Bathrooms
12 Full Bathrooms
Flooring
Tile, Hardwood

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Walk/ Jog Trails, Medical Facility, Bike Path, House of Worship, Private School, Public School, University
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Assigned
Parking Spots
12
Roof
Rubber

Financial

Buyer Agent Compensation
2%
Net Operating Income
$59,400
Tax Year
2024
Taxes
$23,024

Map

Community

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Courtesy of Century 21 CELLI. 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.
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2 & 4 Sherman Street
Cambridge, MA