Sold

220 Summer St, Somerville, MA

Somerville · MA 02143

$1,825,000
Price
8
Beds
4
Baths
3376
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1886
Units: 3 Units
Lot size: 3,049 Sq.Ft Lot
Price per square foot: $548 / Sq.Ft
Parking: 3 Off Street Spaces

About this home

Group showing: 1-2PM, Sun, 8/25/24. Opportunity knocks! Exceptional three-family residence situated within 1 mile to Porter Sq, David Sq, Union Sq and Magoun Sq, as well as Harvard U. and Lesley U. This newly renovated three-family property offers a compelling opportunity for investors seeking stable, long-term returns, or condo conversion, or a buyer looking for an owner-occupied three-family to live in while generating income to put towards your mortgage. The expansive first unit features three generously sized bedrooms and two full baths. Second unit comes with three bedrooms and a full bath. Third unit offers two bedrooms and one bathroom. Both unit 1 and 2 have a back porch. The spacious driveway can fit three cars. All units already renewed the leases: Unit#1/$3700 per month; Unit#2/$3300 per month; Unit#3/$2900 per month. High ceiling of the full size basement and all units provides perfect opportunity to developers. Pls come and check it out. Don?t miss out the opportunity

Neighborhood & Transit

220 Summer St, Somerville · MA 02143

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Porter Red Commuter Rail 1 route 0.39 mi
    • Fitchburg Line
  • Magoun Square Green 0.41 mi

Price Insight

Days on Market:
803 days
Listing Price:
$1,850,000
Price per Sq.Ft:
$548
Tax Assessment:
$1,165,200 in 2024
Taxes:
$1,034 / Monthly

Home Facts

Interior Features

Bedrooms
8
Full Bathrooms
4
Half Bathrooms
0
Living Area
3,376 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
3376
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
110 Volts

Exterior Features

Lot Size
3,049 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
3 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Nathan Long
Listing office
Coldwell Banker Realty - Cambridge
MLS PIN #
73280900
Disclosure
Unit 2 and Unit 3 share one heating system. Rent for Unit 2 and Unit 3 include heat cost. All units already renewed leases. Unit 1 rent include $100 for parking. The number of bedrooms and bathrooms might not match the public record. Buyers and buyers' agents do due diligence and verify all inform.