42 Portland St
Cambridge, N1R 4C7
FOR SALE
$1,690,000
Terminated
$0
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4 + 3
BEDROOMS4
BATHROOMS2 + 2
KITCHENS20
ROOMSX8442146
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-14 | 2024-08-14 | 61 | $1,690,000 | - | Terminated |
| 2021-09-17 | 2021-09-30 | 14 | $550,000 | $631,000 | Sold |
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Property Description
This Is The Definition Of A Turnkey And Worry Free Investment. Welcome To 42 Portland St. Cambridge. No Expense Was Spared In This Conversion Project From Church To 4 Unit Property. With A 5 Year Lease In Place For All 4 Units, The Savvy Investor Has No Worries About Tenant Turn Over, No Worries About Rental Increases (4% Per Year Already In Place), And No Worries About The Maintenances Of The Building. In The Next 5 Years This Building Will Collect $614,210 In Rent And Tenant Covers All Utilities. All Mechanicals New And Owned, Appliances Are Brand New, Metal Roof For Longevity, All New Wiring (200Amp) And Plumbing And A New Water Main And Sewer Main, And Insulation Redone To Meet Energy Efficiency Code. Located In A Quiet Area And Truly A Must See, Don't Let This Opportunity Slip By.
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