Home For Sale In Somerville, Massachusetts

house for sale

Listed: 05/19/24

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

24 Bed:

12 Bath:

13,543 Sq Ft Living Area:

Price

$ 8,4M

Sold

Show 6 more

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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