250-256 Somerville Ave, Somerville, (Union Square), MA, 02143
48 rooms
24 beds
12 Full baths
1910
13,543 sqft
Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). The current leasing season is supporting projected gross rents of approximately $580,000. Historical operating expenses of about $65,000. Projected NOI from operations of $515,000! Projected gross rents based on units renting at $3,950 and 4 parking spaces at $300. Private showings for qualified buyers only.
Status:
Pending
Town:
Somerville
Type:
Multi-family
Units:
12
Zoning:
Res
Basement:
Full
Levels:
3
Parking:
12-car Paved Drive, Off Street, Assigned, Driveway
Acreage:
0.28
Est. Taxes:
$37,178
Assessment
$3,534,000
View Description:
City View(s)
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
MLS #:
73222468
Buyer Agent Compensation:
2.0%%
Facilitator Compensation:
2.0%%
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of William Senne, Senne Phone: 617-314-9400