$4,600,000 ($675.28 per sqft)

Est. Mortgage $24,483/mo *

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1 Beacon St, Somerville, (Inman Square), MA, 02143

1 Beacon St, Somerville, (Inman Square), MA, 02143
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24 rooms

16 beds

8 Full baths

1900

6,812 sqft

One Beacon, 6.41% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.

Status:

Active

Town:

Somerville

Type:

Multi-family

Units:

6

Zoning:

MR4

Heating:

Forced Air

Cooling:

Central Air

Basement:

Unfinished

Levels:

10

Parking:

4-car Off Street

Acreage:

0.13

Est. Taxes:

$30,909

Assessment

$2,296,900

Lot Description:

Corner Lot

Amenities:

Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University

Appliances:

Washer, Dryer

MLS #:

73226159

Buyer Agent Compensation:

2%%

Facilitator Compensation:

0

Compensation Based On:

Net Sale Price

Sub-Agency Relationship Offered:

No

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of John Pentore, Horvath & Tremblay Phone: 781-776-4000