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23 Cottage Ave Somerville, MA 02144
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Key Details
Sold Price $2,600,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,627 sqft
Price per Sqft $561
MLS Listing ID 72574496
Sold Date 01/15/20
Bedrooms 13
Full Baths 7
Year Built 1920
Annual Tax Amount $17,264
Tax Year 2019
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 3 Family
Property Description
Situated in the heart of Davis Square, 23 Cottage Avenue is a stabilized (5.25% cap rate on current income), 2.5-story, Victorian-style, multi-family investment property that recently underwent an extensive renovation. The Property contains three, direct entry units made up of a 3-Bedroom/2-Bathroom duplex unit, a 4-Bedroom/2-Bathroom tri-plex unit and a 6 Bedroom/3-Bathroom, tri-plex unit. The Property also contains off-street parking and a two-car garage that can accommodate 6-tandem spaces. The completely renovated Property features all new roof, new, hardie-plank siding, new and refinished flooring, new kitchens featuring granite counter tops, new bathrooms, new boilers and hot water tanks, electrical and plumbing upgrades, a rebuilt porch, replacement windows, paint and landscaping. FIRST DAY OF TOURS THIS THURSDAY, 10/10.
Location
State MA
County Middlesex
Area Davis Square
Zoning RB
Direction Off of Elm & Chester Street. Walking Distance to Davis Station (Redline).
Rooms
Basement Full, Finished, Unfinished
Interior
Interior Features Other, Other (See Remarks), Unit 1(Other (See Remarks)), Unit 2(Other (See Remarks)), Unit 3(Other (See Remarks)), Unit 1 Rooms(Other (See Remarks)), Unit 2 Rooms(Other (See Remarks)), Unit 3 Rooms(Other (See Remarks))
Heating Other, Unit 1(Other (See Remarks)), Unit 2(Other (See Remarks)), Unit 3(Other (See Remarks))
Cooling Other, Unit 1(Other (See Remarks)), Unit 2(Other (See Remarks)), Unit 3(Other (See Remarks))
Flooring Other
Appliance Other, Unit 1(Other (See Remarks)), Unit 2(Other (See Remarks)), Unit 3(Other (See Remarks)), Gas Water Heater, Utility Connections for Gas Range
Exterior
Garage Spaces 2.0
Community Features Public Transportation, Shopping, Park, Private School, Public School, T-Station, University, Other
Utilities Available for Gas Range
Roof Type Shingle
Total Parking Spaces 6
Garage Yes
Building
Lot Description Corner Lot
Story 8
Foundation Other
Sewer Public Sewer
Water Public
Others
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
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Bought with Siyin Qu • Compass