Sold

455 Mcgrath Hwy, Somerville, MA

Somerville · MA 02143

$1,000,000
Price
6
Beds
3
Baths
2856
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1900
Units: 3 Units
Lot size: 2,178 Sq.Ft Lot
Price per square foot: $346 / Sq.Ft
Parking: No Parking

About this home

Bordering prospect hill, this 3 unit plus bonus space boasts a strong CAP rate and future development potential in MR4 Zone. Comprised of a 4 bed currently rented for 2400, a 2 bed for 1800 and a single room commercial space with bath and large window exposure to McGrath Hwy. Estimated rent for this space is 1250 per month. Fully leased, the property can be expected to produce around 5500+ a month in rent. Newer roof and replacement windows. Separate heating systems. Prime commuting spot with easy access into Boston and Cambridge.

Neighborhood & Transit

455 Mcgrath Hwy, Somerville · MA 02143

Nearby transit

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

  • East Somerville Green 0.31 mi
  • Gilman Square Green 0.40 mi
  • Union Square Green 0.44 mi

Price Insight

Days on Market:
1651 days
Listing Price:
$989,000
Price per Sq.Ft:
$346
Tax Assessment:
$644,500 in 2021
Taxes:
$896 / Monthly

Home Facts

Interior Features

Bedrooms
6
Full Bathrooms
3
Half Bathrooms
0
Living Area
2,856 Sq.Ft (Includes Basement)
Broker Disclosure about Living Area
measured
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
Unknown

Exterior Features

Lot Size
2,178 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
Ramsay and Company
Listing office
Leading Edge Real Estate
MLS PIN #
72926655
Disclosure
See attached info pack. All units are TAW and property will be delivered with current tenants in place.
Disclosure
measured