Price Reduction
Address
84-86-86R Cross St, Somerville, MA
Price
$ 2,779,900
Property Attributes
- MLS#73218290
- TypeMulti-Family
- CountyMIDDLESEX
- CitySomerville
- Zip02145
- Style5-9 Family
- Year Built1900
- Taxes$ 16818
- Price$ 2,779,900
- Bedrooms8
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4660
- Lot Size6,098 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
SIX TOTAL UNITS...EXTENSIVELY RENOVATED FOUR FAMILY AND TWO FAMILY PACKAGE IN PRISTINE CONDITION... UNDER HALF MILE TO NEW GREEN LINE AND JUST OVER HALF MILE TO ORANGE LINE. This Two Property Package INCLUDES SIX TOTAL UNITS IN A FOUR FAMILY AND TWO FAMILY ON SAME LOT. Four out of 6 units have been gut renovated to the studs with granite counter kitchens and new appliances. Updated roof, electric, hot water tanks and roof. Gross Monthly Rent is $13,300/ Gross Annual $159,600 (does not include 4 coin op washer & dryers). All unit utilities are separate. RENTS ARE SUBSTANTIALLY UNDER MARKET and rent roll can be increased significantly. Off street parking with TWO DRIVEWAYS. Perfect candidate for future condo conversion given extensive recent renovation to the property or a great 1031 Tax Deferred Exchange candidate. FANTASTIC LOCATION. Rated a Walker's Paradise Walk Score of 90. Rated a Rider's Paradise Transportation Score of 90 and a Very Bikeable Bike Score of 85l
| Price History | |
|---|---|
| 4/1/2024 | Listed $2,979,900 |
| 4/19/2024 | 7% - $2,779,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | for Gas Range,for Electric Dryer,Washer Hookup |
| Zoning | Resdntl |
| Patio/Porch Features | Deck |
| Year Built | 1900 |
| Electric | Circuit Breakers |
| Property SubType | 5-9 Family |
| Tax Year | 2023 |
| Gross Income | 159600 |
| Community Features | Public Transportation,Shopping |
| County | Middlesex |
| Net Operating Income | 136200 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Total Rooms | 19 |
| Status | Active |
| Directions | On Broadway coming from Magoun Sq towards Charlestown...Take Cross St on the left after McGrath |
| City | Somerville |
| Disclosures | Lot size,taxes and assessment are a combination of both properties. Sq Ft is approximate only and not considered accurate. |
| Senior Community Y/N | No |
| Total Units | 6 |
| Lot Size Square Feet | 6098 |
| Waterfront Y/N | No |
| Street Name | Cross St |
| Year Built Details | Approximate |
| Tax Annual Amount | 16818 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1598600 |
| Total Actual Rent | 9300 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Wood |
| Total Stories | 8 |
| Fireplace Y/N | No |
| Laundry Features | Electric Dryer Hookup,Washer Hookup |
| Total Bedrooms | 8 |
Exterior Features
| Parking Features | Paved Drive,Off Street |
|---|---|
| Water Source | Public |
| Total Parking | 3 |
| Lot Size Area | 0.14 |
| Foundation Details | Stone |
| Spa | No |
| Building Area Total | 4660 |
| Lot Size Acres | 0.14 |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02145
Price
Taxes
Visits
Year Built
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