Over$175, 000in gross rents with projections over$200, 000! Highly desirable somerville location ! Rare large six family property near where Cambridge, Somerville, Arlington and Medford meet. This professionally managed building consists of (2) 2 bedroom units and (4) 3 bedroom units with strong rental history fully tenanted with leases. The units and rooms are large. Utilities are separated by unit and tenants pay their own heat and electricity Owner provides coin operated laundry in basement. There is plenty of on street permit parking and you are close to the shops and restaurants and public transportation on Broadway in Somerville or on Mass Ave in Cambridge. Also close proximity to Tufts University, Harvard University and MIT.
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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.