Sold!
$1,500,000
6
Beds
3
Baths
3,425
Living Area
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Property Description
Rare Investment Opportunity:Welcome to this unique investment proposition in the heart of Somerville. This 3-family building stands out as a prime asset, fully leased with leases extending through the summer of 2024.Offering a consistent and reliable income stream, this property offers immediate returns for the discerning investor. The potential for rent increases adds a lucrative dimension to your investment strategy, allowing you to capitalize on the dynamic rental market in Somerville.Meticulously maintained, this well-cared-for building contributes to long-term value, making this an attractive investment for both seasoned investors and those entering the market.Positioned in prime Teele Square and a short walk to Davis Square and the Red Line T Stop, with convenient access to amenities, and the vibrant cultural scene of Somerville. This sought-after neighborhood further enhances the property's desirability. Offers due Monday by 5:00PM.
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Highlights
- Area: Teele Square
- Property Class: Residential Income
- Total Rooms: 15
- Status: Closed
- Parking Spots: 7
- Property Type: 3 Family
- Year Built: 1910
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Additional Details
- Basement: Full
- Fireplaces: 2
- Road Frontage Type: Public
- Year Built Details: Actual
- Zoning: Ra
- Exterior Features: Balcony, Rain Gutters
- Foundation: Block
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Covered Parking Spaces: 2
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: 110 Volts, 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,487
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2023
- Total Rent: $7,400
- Buyer Agent Compensation: 1.75%
- Facilitator Compensation: 1%
- Taxes: $15,375
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Compass.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
