Ignite FB Tracking PixelAnother Property Sold - 248-254 Elm St, Cambridge, MA 02139 - Mac Chinsomboon

Another Property Sold - 248-254 Elm St, Cambridge, MA 02139

by Mac Chinsomboon 07/21/2021

248-254 Elm St, Cambridge, MA 02139
MultifamilySold
List Price $3,800,000
Sold Price $3,400,000
248-254 Elm St
Cambridge, MA 02139
Courtesy of Coldwell Banker Realty - Back Bay
MLS Property Information Network
16Beds
6Baths
6,756Sq Ft
Est. Mortgage
$19,715/mo

96 WalkScore! Rare offering in prime Inman Square. 6-Unit residential Multifamily with 16 bedrooms total (4 three-beds, 2 two-beds), 6 bathrooms total, 6 parking spaces in the rear parking lot, 6756sqft of living area, 4906sqft lot size, all according to city records. Located right in the epicenter of Cambridge - nestled between Central Square, Inman Square, Union Square, and East Cambridge. Basic rental quality, all units with separate heat/gas/electric. 2 vacant units, 4 leases through Aug 31, 2021. The location has easy access to Union Square and the "innovation zone" that includes 2.4M SQ of new transit oriented development, 1.2M+SQ of new lab and innovation space, 1000 new residences, 140K+SQ of new restaurants/shops/services, 3.6 acres of new open spaces - ref to discoverusq.com. The landlord always gets lots of rental apps from MIT/Harvard affiliated tenants. Ask for the 3D tour. Masks/gloves are required for showings.

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About the Author

Mac Chinsomboon

Degrees: BS Engineering, MBA Finance, Juris Doctor.

I'm your typical MIT-trained intellectual - but I also happen to be a top producing real estate broker that has a proven track record of results for my many clients that continue to refer their friends and family. I started in the business as a real estate investor myself. Having the mindset of an investor helps me understand the viewpoint of my clients as home owners, investors, and developers. My engineering background is what I use to determine what works and how to build what works - it's an ethos I live by. Along with my finance and legal backgrounds, they help me balance efficiency, reliable outcomes, return on investment, value, performance, and all with a calculated margin of safety to fully protect those around me.

I've closed hundreds of purchase and sale transactions over the past several years - everything from the lows, to the peaks of the market, and the rebound that we're currently in. This means that I've experienced just about every issue that one could ever expect in a transaction - and how to head it off before it becomes a real or bigger issue. Of course, as with Life, issues will "evolve", and my goals are to try to discover them as best and early as possible, to protect both my buyers and sellers - don't get me wrong, there will still be bumps along the road, but my goal is mitigate and minimize them for you.

Massachusetts Institute of Technology (MIT Sloan), MBA - Finance

University of Colorado - BS Electrical Engineering

Purdue Global - Concord Law School, Juris Doctor

Massachusetts Real Estate Brokers License

National Association of Realtors

Massachusetts Association of Realtors

Boston Association of Realtors