Price Reduction
Address
241 Highland Ave, Somerville, MA
Price
$ 1,790,000
Property Attributes
- MLS#73221310
- TypeMulti-Family
- CountyMIDDLESEX
- CitySomerville
- Zip02143
- Style3 Family - 3 Units Up/Down
- Year Built1900
- Taxes$ 8566
- Price$ 1,790,000
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage4247
- Lot Size3,049 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
This meticulously maintained three-family building boasts a prime location and is fully leased to a vibrant community of young professionals. Additionally, it features coveted retail space on the ground floor, across from Somerville Hospital, offering endless possibilities for entrepreneurial ventures. Key Features: Fully Leased: Enjoy immediate returns on your investment with all three residential units occupied by young professionals. This ensures a steady stream of rental income from day one. Prime Location: Situated in the heart of Somerville, this property benefits from the bustling atmosphere of Highland Ave. With convenient access to public transportation, restaurants, and amenities, it attracts tenants seeking convenience and lifestyle. Retail Space: The first floor presents an exciting opportunity for retail businesses to thrive across from Somerville Hospital. Whether it's a cozy cafe, boutique shop, or professional office, this versatile space offers endless pot
| Price History | |
|---|---|
| 4/8/2024 | Listed $1,800,000 |
| 5/2/2024 | 1% - $1,790,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Zoning | RC |
| Garage Spaces | 1 |
| Year Built | 1900 |
| Property SubType | 3 Family - 3 Units Up/Down |
| Tax Year | 2024 |
| Gross Income | 92400 |
| County | Middlesex |
| Net Operating Income | 88200 |
| Property Type | Residential Income |
| Garage Y/N | Yes |
| Total Rooms | 18 |
| Status | Active |
| Directions | Use Google Map. |
| City | Somerville |
| Disclosures | Seller hired contractor to renovation the retail space to be leased. Seller prefer credit to the buyer for a quick sale. |
| Senior Community Y/N | No |
| Total Units | 4 |
| Lot Size Square Feet | 3236 |
| Waterfront Y/N | No |
| Street Name | Highland Ave |
| Year Built Details | Actual |
| Tax Annual Amount | 8566.43 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 814300 |
| Total Actual Rent | 12750 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | Yes |
Interior Features
| Total Stories | 9 |
|---|---|
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Full Baths | 3 |
| Total Bedrooms | 3 |
| Total Baths | 3 |
Exterior Features
| Fencing | Fenced/Enclosed |
|---|---|
| Water Source | Public |
| Total Parking | 1 |
| Lot Size Area | 0.07 |
| Foundation Details | Concrete Perimeter |
| Spa | No |
| Building Area Total | 4247 |
| Lot Size Acres | 0.07 |
| Lot Size Units | Acres |
| Covered Spaces | 1 |
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 02143
Price
Taxes
Visits
Year Built
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IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.
