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Image 1 - 250;252;254;256 Somerville Avenue, Somerville, MA 02143, USA - House for sale
Image 2 - 250;252;254;256 Somerville Avenue, Somerville, MA 02143, USA - House for sale
Image 3 - 250;252;254;256 Somerville Avenue, Somerville, MA 02143, USA - House for sale
Image 4 - 250;252;254;256 Somerville Avenue, Somerville, MA 02143, USA - House for sale
Image 5 - 250;252;254;256 Somerville Avenue, Somerville, MA 02143, USA - House for sale
Image 6 - 250;252;254;256 Somerville Avenue, Somerville, MA 02143, USA - House for sale
Image 7 - 250;252;254;256 Somerville Avenue, Somerville, MA 02143, USA - House for sale
Home For Sale In Somerville, Massachusetts
250;252;254;256 Somerville Avenue, Somerville, MA 02143, USA

Home For Sale In Somerville, Massachusetts

house for sale
Listed: 04/15/24

250;252;254;256 Somerville Avenue, Somerville, MA 02143, USA

24 Bed:
12 Bath:
13,543 Sq Ft Living Area:
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Price
$ 8,89M

About This House

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). The current leasing season is supporting projected gross rents of approximately$580, 000.Historical operating expenses of about$65, 000.Projected NOI from operations of$515, 000! Projected gross rents based on units renting at$3, 950and 4 parking spaces at $300. Private showings for qualified buyers only.

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Union Square Housing & Living

Household Income

Median household income: $84,722
Number of households: 32,453
The average household income in Somerville, MA grew from $78,673 to $84,722 in the past year. This data is an estimate based upon 32,453 households in Somerville, MA.
The chart below presents how household income is distributed in Somerville, MA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Somerville, MA compared to median property taxes around the country. The prevalent amount of property taxes in Somerville, MA equals $3k+ , which is more than the national average.