Sold!
$3,450,000
21
Beds
10
Baths
8,937
Living Area
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Property Description
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.
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Highlights
- Area: Winter Hill
- Property Class: Residential Income
- Total Rooms: 40
- Status: Closed
- Parking Spots: 4
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1900
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Additional Details
- Basement: Full, Walk-Out Access, Concrete
- Flooring: Hardwood
- Lot Features: Corner Lot
- Roof: Rubber
- Year Built Details: Renovated Since
- Zoning: Rb
- Construction: Frame, Stone
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- Total Number of Units: 10
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
- Parking Features: Paved Drive, Off Street, Tandem
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Utilities
- Electric: 220 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $3,293,000
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2023
- Total Rent: $19,950
- Buyer Agent Compensation: 2.0%
- Facilitator Compensation: 0.0%
- Taxes: $31,776
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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 R.E.D. Development & Real Estate Group.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
