104 OAKWOOD Avenue

About this home.

Excellent Cap Rate At 6.4%..... Great Triplex with 3 - 2 bedroom units. Each unit has their own gas furnace. However, there is one gas meter for the property. The three owned hot water heaters have been replaced over last few years. Shingles were replaced in September 2022. Deck was installed in 2023. Windows and insulation were updated between 2006-2008. Excellent location in Cambridge with access to retail and transit. The rear lower unit has had a recent makeover. This property would be ideal for an investor who wants to live in one unit while renting the other two. The current tenants pay hydro, cable and internet while the landlord pays gas & water. (id:59491)

The full record.

How this listing prices against Langs Farm/Eagle Valley.

Langs Farm/Eagle Valley had 1 sale and 4 active listings, so the market is active but thin. The sale closed at $680,000 in 12 days, faster than the Cambridge average, though the list-to-sale figure is unavailable for this transaction. With inventory still outnumbering recent closings, buyers have some room to compare options. This neighbourhood is not slow, but there is not enough volume yet to call it highly competitive.

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