ATTENTION DEVELOPERS & INVESTORS: Rare opportunity in one of Cambridge’s fastest-growing neighborhoods. This 4-unit, 12-bedroom, 6-bath multi-family home sits on a 6,000+ sq.ft. lot, generating ~$136,000 in annual rental income. Zoning studies by a respected local architectural firm show the site can support a 6-story building with 20+ units, or a boutique 4-unit luxury townhouse project with 2,000+ sq.ft. per unit and parking. Prime location offers easy access to Minuteman Bike Path, Fresh Pond and the Red Line. Convenient to Routes 2 & 16, this is a rare Cambridge offering with strong development upside.
Basement:
Full, Walk-Out Access, Interior Entry, Unfinished
Parking:
3-car, Off Street
Amenities:
Public Transportation, Park, Walk/Jog Trails, Highway Access, Public School, T-Station
49-51A Clifton St, Cambridge, MA, 02140
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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