Sold
1 Beacon St, Somerville, MA
Somerville · MA 02143
- $4,250,000
- Price
- 16
- Beds
- 8
- Baths
- 6812
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
6 Units
Lot size:
5,662 Sq.Ft Lot
Price per square foot:
$646 / Sq.Ft
Parking:
4 Off Street Spaces
About this home
One Beacon, 6.70% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville?s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina?s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.
Neighborhood & Transit
Inman Square
1 Beacon St, Somerville · MA 02143
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Union Square Green 0.39 mi
Price Insight
- Days on Market:
- 928 days
- Listing Price:
- $4,400,000
- Price per Sq.Ft:
- $646
- Tax Assessment:
- $2,296,900 in 24
- Taxes:
- $2,576 / Monthly
Home Facts
Interior Features
- Bedrooms
- 16
- Full Bathrooms
- 8
- Half Bathrooms
- 0
- Living Area
- 6,812 Sq.Ft
- Broker Disclosure about Living Area
- None
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 6812
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Individually Metered
Exterior Features
- Lot Size
- 5,662 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 4 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- John Pentore
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73226159
- Disclosure
- None