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10-12 Worcester, Cambridge, MA

  • Purchased multi-family apartment building on a large lot in November 2000 for $104 per square foot
  • Converted to condominiums and sold half of units in 2001
    Rented in 2001 and 2002
  • Sold balance of units by April 2002
  • Average condo sale price was $346,000 or $277 per square foot
  • Realized IRR of 93% +

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Building exterior 1


Building exterior 2


Building exterior 3

 

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