SVN Sells Multi-Family Investment Property for $2.9 Million

0
148

CAMBRIDGE, MA– SVN Parsons Commercial Group announced the sale of 136 Appleton Street, also known as The Sabbatical House, in Cambridge, MA for $2.9 million.

The demand from investors was extremely strong for an asset of this caliber. Senior Commercial Real Estate Advisors, Marci Alvarado, Marilyn Santiago and Jake Parsons of SVN | Parsons Commercial Group Boston represented the seller, Diane Cotman, in the sale of the property. The buyers were Scott Root and Cocoa Cailer, represented by Coldwell Banker, Cambridge.

The Sabbatical House is located in Huron Village area, closely nestled to historical West Cambridge. This four-unit, 4,450 square foot property is truly like walking through a scholar’s dream home. The craftmanship and design is breath-taking and has certainly caught the eyes of many. This property has been featured in “Natural Home Magazine, ” the “Boston Business Journal” and The Boston Sunday Globe.

The building is located just minutes from Harvard Square, off Brattle Street and very close to Harvard, MIT and many other prestigious institutions.

The multi-family was completely re-built in 2000 and features first class workmanship and state of the art energy efficient systems. According to Marci Alvarado, Senior Advisor, “The property was fully rented at the time of sale. The new owners will continue to operate as a rental property.”