Somerville, MA 02143,250-256 Somerville Ave
Somerville, MA 02143,250-256 Somerville Ave
Somerville, MA 02143,250-256 Somerville Ave
32
$7,545,000
$7,995,000
5.6%
Est.Price: ?

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24 BD
12 BA
13,543 SqFt

250-256 Somerville Ave Somerville, MA 02143

Est. payment /mo
SOLD DATE : 09/16/2024

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Key Details

Sold Price $7,545,000

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 13,543 sqft

Price per Sqft $557

MLS Listing ID 73222468

Sold Date 09/16/24

Bedrooms 24

Full Baths 12

Year Built 1910

Annual Tax Amount $37,178

Tax Year 2024

Lot Size 0.280 Acres

Acres 0.28

Property Description

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!

Location

State MA

County Middlesex

Area Union Square

Zoning Res

Direction Prospect Street to Somerville Avenue

Rooms

Basement Full

Interior

Flooring Wood

Exterior

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University

Waterfront false

View Y/N Yes

View City View(s)

Total Parking Spaces 12

Garage No

Building

Story 3

Foundation Concrete Perimeter, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Senne
Bought with Yan Rong • United Real Estate, LLC

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William Luther

Broker | License ID: 130964

+1(617) 818-5040

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