Sold
76-78 Perkins Street, Somerville, MA
Somerville · MA 02145
- $3,900,000
- Price
- 24
- Beds
- 12
- Baths
- 8688
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
6 Units
Lot size:
7,350 Sq.Ft Lot
Price per square foot:
$489 / Sq.Ft
Parking:
No Parking
About this home
Completely renovated in 2018, 76-78 Perkins Street is a boutique, 6-unit apartment building that offers condo quality finishes and unparalleled commuter access. The 100% occupied property boasts six (6) spacious, four (4) bed, two (2) bath apartments homes that each feature stainless steel appliances as well as in unit washers and dryers, all located steps from the MBTA's Sullivan SQ Station. Strategically located in one of the most rapidly evolving neighborhoods in the Greater Boston area, the property is surrounded by multiple on-going and upcoming transformative developments, such as Assembly Row, Encore Boston Resort and Casino, Cambridge Crossing, Hood Park, and the Green Line Extension. 76 Perkins offers a rarely available, cash-flowing, turnkey investment opportunity, located in a historically, high barrier to entry market. Current rent roll brings in more than $300,000+ annually and offers very strong in-place yield - approx. 5.5% CAP rate and north of a 9% Cash on Cash return.
Neighborhood & Transit
East Somerville
76-78 Perkins Street, Somerville · MA 02145
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Sullivan Square Orange 0.15 mi
-
East Somerville Green 0.49 mi
Price Insight
- Days on Market:
- 2111 days
- Listing Price:
- $4,250,000
- Price per Sq.Ft:
- $489
- Tax Assessment:
- $9,999 in 9999
- Taxes:
- $833 / Monthly
Home Facts
Interior Features
- Bedrooms
- 24
- Full Bathrooms
- 12
- Half Bathrooms
- 0
- Living Area
- 8,688 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
- Unknown
Exterior Features
- Lot Size
- 7,350 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
- Christopher Sower
- Listing office
- Colliers International
- MLS PIN #
- 72734842