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Description
1010 Massachusetts Avenue, aka The Cantabrigia Building, offers 53 apartment units and is located within the Harvard Square neighborhood of Cambridge. The property is comprised of an eight-story, elevatored building and a 27-space surface parking lot with substantial as-of-right development potential. Originally built in the early 1900‘s, the property has been impeccably maintained, with current ownership investing significant capital to complete numerous building systems and window upgrades, elevator modernization, roof replacement, and extensive enhancements to common areas and the building‘s entryway space. With a mix of original, partially-renovated, and fully-renovated apartments, finish levels vary and offer enormous upside through both organic rent increases and the implementation of a strategic unit renovation program.
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