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Est. Mortgage: $/month

Federal 30-year interest rate: 6.49% last updated on 2022-12-01

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Contingent
16 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 0214116 Gore Street Cambridge MA 02141
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  • $2,200,000List Price
  • 9Bedrooms
  • 6Bathrooms
  • 2,840Square Feet
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.
Listed by John Pentore and Dennis Kelleher of Horvath & Tremblay

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More Info

Basic Information

  • Contingency Inspection
  • Gross Income $141,612
  • Lot Features Other
  • Mls StatusContingent
  • Parcel Number 400107

Location

  • Address16 Gore Street
  • Building Number16
  • CountyMiddlesex
  • StateMA
  • StreetGore Street
  • TownCambridge
  • Zip02141

Property Information

  • Building Area Source Public Records
  • Living Area 2,840
  • Lot Size Square Feet 2,506
  • Lot Size Units Acres
  • Square Feet2,840

Tax Information

  • Tax Assessed Value $1,653,600
  • Tax Year 2023
  • Taxes$9,789

Basic Information

  • List Price$2,200,000
  • MLS Number73055027
  • Modification Date12/04/2022
  • Property SubType3 Family

Property

  • Acreage0.06

Exterior

  • RoofRubber

Utilities

  • Electric Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Appliances IncludedGas Water Heater
  • Other AmenitiesBasement

Parking

  • Parking Spaces

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms9
  • Full Bath6

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationOther
  • Garage Spaces
  • Rooms15
  • Stories6
  • Year Built1873
  • Year Built Details Actual
  • Year Built Source Public Records

Other

  • Buyer Agency Compensation2%
  • Date Listed11/03/2022
  • Farm Land Area Units Square Feet
  • View Count1

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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VIEW ALL TESTIMONIALS >

Beth Freeman is experienced and is at the very "top of her game." She is a good negotiator, thorough, and honest. who knew more about what we needed than we did ourselves. Because she served us well we highly recommend her.

Hi Beth-It was a pleasure working with you on this sale. You did a really excellent job--and smoothed the way with the sellers and with getting the work done on the apartment that was needed to complete the conditions of sale. [...]