Sold
52, 54 Bonair St, Somerville, MA
Somerville · MA 02145
- $3,450,000
- Price
- 21
- Beds
- 10
- Baths
- 8937
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
10 Units
Lot size:
0.29 Acre Lot
Price per square foot:
$413 / Sq.Ft
Parking:
4 Off Street Spaces
About this home
ATTENTION...ATTENTION...a very rare opportunity, 10 units in solid shape, almost 9000 square feet of living space, 21 bedrooms, 10 bathrooms, 4 off road tandem parking spots. New roofs, newer electrical, new natural gas, all the big money items taken care of. One of the hottest rental markets in the country, with property values rising, don't miss this chance. Separate utilities, heat, water, electric, all rents underpriced, but are Tenants at will. 4 off road tandem parking spots between both buildings. 2 separate deeds for the 2 properties. New roof, newer electric, and newer natural gas. All tenants, therefore, have separate utilities, and pay electricity, heat, gas. Yearly rent $240,000. and are under market, bring these up to market value, make a great cap rate and a rental beast. Somerville right off McGrath a great location and proximity to all that is Cambridge, Somerville, and Boston. Both buildings create an investment compound that is absolutely incredible.
Neighborhood & Transit
Winter Hill
52, 54 Bonair St, Somerville · MA 02145
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Gilman Square Green 0.32 mi
Price Insight
- Days on Market:
- 1175 days
- Listing Price:
- $3,695,000
- Price per Sq.Ft:
- $413
- Tax Assessment:
- $3,293,000 in 2023
- Taxes:
- $2,648 / Monthly
Home Facts
Interior Features
- Bedrooms
- 21
- Full Bathrooms
- 10
- Half Bathrooms
- 0
- Living Area
- 8,937 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 8937
- Flooring
- Unknown
- Lead paint
- None, Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 220 Volts
Exterior Features
- Lot Size
- 12,579 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
- Shingles
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Robert Downer
- Listing office
- R.E.D. Development & Real Estate Group
- MLS PIN #
- 73149807
- Disclosure
- Preference is to sell both buildings together with a total of 10 units, with 2 seperate deeds. 8 Tenants are at will, 2 have leases. More pictures to follow in the next couple of days. 52 Bonair is de-leaded, and 54 Bonair, apartment 2 has been de-leaded. All appliances are included in the sale.