Sold
127-129 SUMMER STREET, Somerville, MA
Somerville · MA 02143
- $2,075,000
- Price
- 8
- Beds
- 8
- Baths
- 4598
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
6 Units
Lot size:
5,000 Sq.Ft Lot
Price per square foot:
$478 / Sq.Ft
Parking:
No Parking
About this home
Rare offering ! Very well maintained and upgraded 6 Family in Union Square, one of the fastest growing neighborhoods around. Turn key investment with Annual Gross Income of $140k and cap rate of 5% at existing rents with substantial value add opportunity. Many system upgrades including mostly newer kitchens w/granite counter tops & newer baths. New High Efficiency Gas Heating system and updated electrical. The property is conveniently located just a few blocks from bustling Union Square which will soon be home to the new Green Line Extension. The neighborhood boasts many great shops, cafes and restaurants. The Union Square Redevelopment has steadily added to the upward trajectory Union Square has been experiencing and is poised to add 2.4 million sq ft of office, retail & lab space. Fabulous location close to Harvard, Cambridge & Boston. Super opportunity for savvy investor or seller coming out of a 1031. Great Property, Fabulous Location ! Offers due Tue Sept 15th 4pm
Neighborhood & Transit
Union Square
127-129 SUMMER STREET, Somerville · MA 02143
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Gilman Square Green 0.35 mi
Price Insight
- Days on Market:
- 2112 days
- Listing Price:
- $2,200,000
- Price per Sq.Ft:
- $478
- Tax Assessment:
- $1,306,400 in 2020
- Taxes:
- $1,033 / Monthly
Home Facts
Interior Features
- Bedrooms
- 8
- Full Bathrooms
- 8
- Half Bathrooms
- 0
- Living Area
- 4,598 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 200 Amps
Exterior Features
- Lot Size
- 5,000 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
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
- Andy Mass
- Listing office
- Mass Realty Properties
- MLS PIN #
- 72720938
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