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34 & 40 Crescent St

Somerville, MA 02145
$2,925,000
19 Beds
6 Baths
6,902 Living Area
  • Property Description
    34 & 40 Crescent consists of two adjacent buildings (each on its own tax parcel) with five residential units consisting of two 3-Bedroom/1-Bathroom units, two 4 Bedroom/1-Bathroom units, and one 5-bedroom/2-bathroom unit. The Properties are turn-key with condo quality finishes including new luxury vinyl plank flooring throughout, new kitchens with new cabinetry with granite countertops, stainless steel appliances and new bathrooms with modern amenities. Additionally, all units have laundry inside their respective apartments. Each unit features new, forced hot air heating and central air conditioning systems as well as tankless, on demand Navien hot water systems. The buildings are separately metered for heat, hot water and electricity in which the tenants pay directly. The Properties also feature a shared parking lot with capacity for four cars. 34 & 40 Crescent Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location.
  • Highlights
    • Cooling: Central Air
    • Parking Spots: 4
    • Property Type: 5-9 Family
    • Year Built: 1900
    • Heating: Forced Air
    • Property Class: Residential Income
    • Total Rooms: 29
    • Status: Closed
  • Additional Details
    • Appliances: Washer, Dryer
    • Foundation: Other
    • Road Frontage Type: Public
    • Total Number of Units: 5
    • Year Built Source: Public Records
    • Basement: Unfinished
    • Lot Features: Other
    • Roof: Shingle, Rubber
    • Year Built Details: Approximate
    • Zoning: Nr
  • Amenities
    • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
    • Parking Features: Off Street
  • Utilities
    • Electric: Individually Metered
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $2,657,900
    • Compensation Based On: Net Sale Price
    • Tax Year: 2024
    • Total Rent: $22,100
    • Buyer Agent Compensation: 2%
    • Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
    • Taxes: $27,961

Location

34 & 40 Crescent St, Somerville, MA 02145

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Content © 2025 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 Horvath & Tremblay. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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