18 Fainwood Cir

Horvath & Tremblay is pleased to present the exclusive sale of the multi-family investment property located at 18 Fainwood Circle in Cambridge, Massachusetts (the “Property”). Located in an exceptional, urban-infill location in Cambridge’s Inman Square neighborhood on the Cambridge/Somerville border, the Property is a short walk from both Central Square (Red Line – 0.7 Miles) and Union Square (Green Line – 0.7 Miles) and is 1-mile from Harvard Square. The Property offers the rare opportunity to acquire an exceptionally well-located asset in one of the strongest real estate markets in a region that is poised for future growth. The Property consists of a three-story building with three (3), five-room 3-Bedroom/1-Bathroom units with 3,669 square feet of gross living area in 5,550 square feet of gross area, on a 0.10-acre parcel. Each of the units are separately metered for heat (gas - steam radiators), hot water, and electricity. The opportunity exists to convert each unit into 4-bedroom units as well as potentially adding a 2nd bathroom by utilizing the pantry space in the kitchen. Unit 1 features in-unit washer and dryer, and an enclosed porch (all season) at the rear of the unit. Units 2 and 3 have access to a laundry facility in the basement, and feature front and rear porches. Additionally, the building has a tandem parking space that can accommodate 3 vehicles. 18 Fainwood Circle is well maintained with recent capital improvements. The opportunity exists, through programmatic upgrades, to significantly increase the rental income of the asset or position the property for a condo exit.