Sold
250-256 Somerville Ave, Somerville, MA
Somerville · MA 02143
- $7,545,000
- Price
- 24
- Beds
- 12
- Baths
- 13543
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1910
Units:
12 Units
Lot size:
0.28 Acre Lot
Price per square foot:
$590 / Sq.Ft
Parking:
12 Off Street Spaces
About this home
Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!
Neighborhood & Transit
Union Square
250-256 Somerville Ave, Somerville · MA 02143
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Union Square Green 0.11 mi
-
East Somerville Green 0.33 mi
Price Insight
- Days on Market:
- 937 days
- Listing Price:
- $7,995,000
- Price per Sq.Ft:
- $590
- Tax Assessment:
- $3,534,000 in 2024
- Taxes:
- $3,098 / Monthly
Home Facts
Interior Features
- Bedrooms
- 24
- Full Bathrooms
- 12
- Half Bathrooms
- 0
- Living Area
- 13,543 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 13543
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 12,194 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 12 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
- William Senne
- Listing office
- Senne
- MLS PIN #
- 73222468
- Disclosure
- Revenue Expense Data is estimate based on pro forma. The principal broker has an interest in the property.