Bill Aibel | Cambridge Real Estate, Somerville Real Estate, Boston Real Estate, Newton Real Estate

565 Somerville Ave, Somerville, MA 02143  

Multi-Family
$2,289,000
Price
6
Units
4,424
Approx. GLA
Very well maintained and upgraded 6 family home in fabulous location walking distance to Harvard Univ and Porter Sq Red Line. Turn key investment at about 4.5% cap rate with existing rents. Many system upgrades, mostly newer kitchens with granite counters and dishwashers all new replacement windows about 18 months ago, 75% of the exterior clapboard replaced and all repainted a few years ago, 2-3 newer heating systems, newer electric sub panels in some units, large rear decks for outdoor living, new landscaping and pavers installed with new common rear patio, 2 car tandem driveway, Super opportunity for savvy investor or seller coming out of a 1031. Coin op washer dryer in basement; All kinds of shops, cafes, coffee houses at your doorstop with Union Sq a 10 minute walk away with Green Line coming in. OPEN HOUSES WED 6/17, FRI 6/19, AND MON 6/22 FROM 12-145 BY APPT EVERY 20 MINUTES. OFFERS DUE MONDAY 6/23 AT 3PM TO BE MADE GOOD FOR 24 HOURS
Open House
No scheduled Open Houses
Highlights
Basement Features: Full
List Price: $2,289,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Under Agreement
Beds: 10
Baths: 6
Units: 6
Year Built: 1900
Year Round: Yes
Approx. GLA: 4,424
MLS#: 72674318
Interior
Basement: Yes
Electricity Cost: $606
Electric Features: Circuit Breakers, 100 Amps, Individually Metered
Heating Units: 6
Heating Zones: 6
Flooring: Wood
Energy: Insulated Windows
Hot Water: Natural Gas
Rooms: 24
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Facing: South
Acres: 0.08
Lot Size: 3,637.00
Lot Description: Corner
Foundation: Fieldstone
Parking Spaces: 2
Parking Features: Tandem, On Street Permit
Road Type: Public
Color: beige
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range
Exterior: Clapboard
Exterior Features: City View(s), Porch, Covered Patio/Deck, Screens
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $1,914,900
Taxes: $19,321
Tax Year: 2020
Book/Page: 62972/579
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $135,400
Gross Expenses: $30,974
Total Rent: $11,200
Net Income: $104,426
Insurance Cost: $5,902
Water Cost: $3,471
 
 
Additional
Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Disclosure Declaration: No
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 Yes 1 $2,000
Unit 2 4 2 0 1 1 0 Yes 1 $2,000
Unit 3 4 1 0 2 1 0 Yes 1 $1,900
Unit 4 4 2 0 2 1 0 No 1 $1,800
Units Extras
Common
Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Gas, Individual  Interior:  Bathroom With Tub & Shower, Remodeled, Hardwood Floors, Stone/Ceramic Tile Floor, Upgraded Cabinets, Upgraded Countertops 
Map
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The listing office is Coldwell Banker Residential Brokerage - Cambridge and the listing agent is Gary Vrotsos Team. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.