16 Gore St

Cambridge, MA, 02141

$2,200,000

$774 per ft²
$2,200,000
$774 per ft²
Active
Active
 - For Sale
beds
9 Beds
baths
6 Baths
carpenters-square
2,840 ft²
property_type
Multi-family
calendar
Built 1873
16 Gore Street, a three-unit building, is comprised of all 3-bedroom, 2-bathroom units with 2,840 square feet of living space in 3,790 square feet of total gross area on a 0.06-acre parcel. The building, a 5.31% Cap on Current Income, has been comprehensively renovated with condo-quality finishes and new appliances throughout as well as all new heating and cooling, plumbing and electrical. 16 Gore Street, which is fully sprinklered, is improved by a master lease with Atlas Living, LLC that encompasses the rental of all three units for a fixed annual rent. Atlas Living, LLC is in the fourth year of their five-year lease. The lease features three (3%) percent annual increases and expires on February 29, 2024. The tenant is responsible for heat, hot water and electric as well as cleaning services to the building’s interior.16 Gore Street offers the opportunity to acquire a fully leased, comprehensively renovated, turnkey investment in an exceptional, urban-infill location.
MLS® ID:
73055027
Listed:
11/2/22
Updated:
11/30/22

Interior Features

Kitchen Appliances
Gas Water Heater
Total Bedrooms
9
Full Bathrooms
6

Exterior/Building Features

Lot Size
2,506 ft² lot
Lot Details
Other
Roof
Rubber
Sewer
Public Sewer

Other Property Details

Taxes
$9789
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Middlesex
Water Source
Public
Pool
No
Total Stories
6
Zoning
C-1

 

Courtesy of John Pentore, Horvath & Tremblay

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Data last updated 11:31 PM UTC, 11/30/22

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