
$4,500,000
- 3 bd
- 3 ba
- 2,073 sqft
975 Memorial Drive # 611
Cambridge, MA 02138
ATTENTION DEVELOPERS A GREAT CONDOMINIUM CONVERSION OPPORTUNITY ON QUIET ONE WAY STREET IN NORTH CAMBRIDGE, PROPERTY BOASTS A TOTAL OF 6,593 SQUARE FEET READY FOR CONVERSION, WITH A POTENTIAL SELL OUT... PRICE OF OVER $6.2 MILLION (AT $950 PSF), OR JUST KEEP THIS TURN KEY CASH COW WITH LEASES GENERATING $143,160.00 PER YEAR WITH A FUTURE BONUS POTENTIAL TO SEEK PERMITS TO FINISH OFF THE 1,500SF LOWER LEVEL (PARTIALLY SEMI FINISHED VACANT BASEMENT APARTMENT) FOR ADDITIONAL RENTAL INCOME!!!! *****SOME SELLER FINANCING MAY BE AVAILABLE*******SEE THE ATTACHED DOCUMENT "RENTAL/LEASE INFORMATION SHEET" & "CONDOMINIUM CONVERSION PRO FORMA" ******* Continue reading