List Search

290 Prospect St
Cambridge, MA 02139 Inman Square

Price Upon Request

Apartments For Sale  •  6,952 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,952 SF
  • Lot Size 0.06 AC
  • Year Built 1900
  • Zoning C-1
90 Transit Score
100 Walk Score

Highlights

• 2 addresses connected with 3 front Two Bedroom units (290 Prospect Street) and 3 rear One Bedroom units (292 Prospect Street).
• Units are in turnkey condition.
• Total of 9 bedrooms in the building.
• September, 2020 note: 100% occupancy and at present, all Tenants in the building are current with rent payments.
• Currently leased at below-market rental rates, presenting the opportunity to increase net income with minimal additional capital requirements.
• See attached brochure. Buyer Agents are welcome and cooperating compensation of 2.5% is offered.

Financial Summary (Proforma)

Net Operating Income: $96,006 USD (2020)
Total Expenses: $42,000 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Laundry Facilities
  • Microwave
  • Storage Space
  • Heating
  • Gas Range
  • Recycling
  • Smoke Free
  • Trash Pickup - Curbside
  • Vintage Building
  • Bay Window
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Basement
  • Double Pane Windows
  • Family Room
  • Framed Mirrors
  • Garden
  • Intercom
  • Linen Closet
  • Office
  • Window Coverings
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Porter Square (Fitchburg/South Acton Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 6 min - 1.7 mi
North Station (Fitchburg/South Acton Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line), Haverhill Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line), Lowell Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line), Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 8 min - 2.9 mi
Transit/SubwayDriveWalkDistance
Central Square Station (Red Line - Massachusetts Bay Transportation Authority Subway (The T)) 3 min 12 min 0.6 mi
Kendall Station (Red Line - Massachusetts Bay Transportation Authority Subway (The T)) 4 min 20 min 1.0 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 14 min - 5.6 mi