This 21-unit, 42 bedroom building boasts a CAP rate of just over 5%, offering a promising investment for buyers on a .23 Acre Lot. Come explore the exceptional opportunity at 8-14 Craigie Street in the lively community of Somerville abutting Porter Square & Cambridge/Somerville Line. Conveniently located near prestigious institutions such as Harvard, Lesley, & MIT, this property is fully occupied. Your next investment property is in close proximity to world-class universities, providing easy access to lectures & campus life. The Red Line and bus routes are just a short distance away, ensuring quick commutes to Boston or Kendall Square. This prime location combines urban convenience with academic vibrancy. With a strong rental history and a very low vacancy rate, there's high demand from scholars & professionals, guaranteeing top rental value in Somerville’s competitive market. Craigie St presents an unparalleled opportunity for the savvy investor.
25,164 Sq Ft
0.23 Private Acres Lot Size
Investment
$58,939 Annual Tax
Built in 1920
MLS/Listing ID 73440882
3 Stories
21 Units
Community - Public Transportation
Community - Shopping
Community - Tennis Courts
Community - Park
Community - Walk/Jog Trails
Community - Bike Path
Community - Highway Access
Community - Private School
Community - Public School
Community - T-Station
Community - University
Block
Lot - Level
Source of Data: MLS PROPERTY INFORMATION NETWORK
TOTAL MONTHLY COST
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