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.
8,937 Sq Ft
0.29 Private Acres Exterior Space
Investment
$31,776 Annual Tax
Built in 1900
MLS/Listing ID 73149807
6 Stories
10 Units
Community - Park
Community - Public Transportation
Community - Shopping
Community - Tennis Courts
Porch
Parking - Off Street
Parking - Paved
Parking - Tandem
Lot - Corner Lot
Electric Dryer Hookup
Concrete Perimeter
Hardwood
Construction - Frame
Construction - Stone
Community - Marina
Rubber
Community - Walk/Jog Trails
Community - University
Community - T-Station
Community - Public School
Community - Private School
Community - Medical Facility
Community - Laundromat
Community - House of Worship
Community - Highway Access
Community - Bike Path
Utility Connections for Gas Range
Utility Connections for Electric Dryer
Source of Data: MLS PROPERTY INFORMATION NETWORK