Description
Rare opportunity to own a fully leased, mixed-use property right in the heart of Inman Sq. Just 1.1 miles west of Lechmere .7 miles north of Central Sq., and .5 miles south of the new Union Sq. T stop, this 3-unit offering is favorably situated amidst the bustling shops/eateries that comprise Cambridge St. The first-floor business is owned and independently operated by Momi Nonmi, a successful and efficiently functioning takeout destination with a full liquor license. NNN lease is in place for the commercial space which runs up until 2029 with an escalating annual rent (unit currently yields $4,244/month but increases to $5,219/month by term end). Commercial tenant pays half the water/sewer bill each quarter, as well as the commercial portion of the property taxes. The two residential units on the second/third floor bring in $2,000 apiece with leases expiring in August, 2022.
Location
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