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$7,995,000
159 Days Online

250-256 Somerville Ave
Somerville, MA 02143

For Sale|Multi Family|Pending
24
Beds
12
Full Baths
0
Partial Baths
13,543
SqFt
$590
/SqFt
1910
Built
County:
Middlesex
Call Now: 617-487-8082
Is this the home for you? We can help make it yours.
617-487-8082
250-256 Somerville Ave250-256 Somerville Ave250-256 Somerville Ave250-256 Somerville Ave
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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). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!

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Listing Snapshot
Price 
$7,995,000
Days Online 
159 Days
Bedrooms 
24
Inside Area (SqFt) 
13,543 sqft
Total Baths 
12
Full Baths 
12
Partial Baths 
N/A
Lot Size 
0.28 Acres
Year Built 
1910
MLS® Number 
73222468
Status 
Pending
Property Tax 
$37,178
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoStatus changed to Pending
2 months agoPrice changed to $7,995,000
5 months agoListing first seen online
5 months agoListing updated with changes from the MLS®
General Features
Acres 
0.28
Buyer Agent Compensation 
2.0%
Foundation 
Concrete PerimeterBrick/Mortar
Number Of Stories 
3
Parking 
PavedOff StreetAssignedDriveway
Parking Spaces 
12
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
13543
Water Source 
Public
Interior Features
Basement 
Full
Flooring 
Wood
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Community Features
Community Features 
Park
MLS Area 
Union Square
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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, landlords, 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, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. and its 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.

Data Last Updated at 2024-09-16 07:50 PM UTC

Neighborhood & Commute
Source: Walkscore
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