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84-86-86R Cross St

Somerville, MA 02145
  • $2,779,900
  • STATUS: Active
  • MLS #: 73218290
Price Reduced
$2,779,900
  • 8
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,660
    SQFT
  • $597
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing courtesy of The Steve Bremis Team of Steve Bremis Realty Group.

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

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-04-23T15:06:35.737.
www.welchmanrealestate.com/homes/149089467
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84-86-86R Cross St Somerville, MA 02145

  • Price: $2,779,900
  • Status: Active
  • On Site: Days
  • MLS #: 73218290
8
Beds
0
Baths
0
½ Baths
0.14
Acres
4,660
SQFT
$597
$/SQFT
1900
Built
County:
Middlesex
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
Exterior Features

Covered Spaces 0 Garage YN No Open Parking YN Yes Parking Features Paved DriveOff Street Parking Total 3 Patio And Porch Features Deck Road Frontage Type Public Spa YN No Waterfront YN No

Interior Features

Basement Full Building Area Total 4660 Fireplace YN No Fireplaces Total 0 Flooring Wood Foundation Details Stone Laundry Features Electric Dryer HookupWasher Hookup Lead Paint Unknown Rooms Total 19

Property Features

Buyer Agency Compensation 2.125 Community Features Public TransportationShopping Disclosures Lot sizetaxes and assessment are a combination of both properties. Sq Ft is approximate only and not considered accurate. Electric Circuit Breakers Gross Income 159600 Home Warranty YN No Net Operating Income 136200 Property Sub Type 5-9 Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 16818 Tax Year 2023 Total Actual Rent 9300 Transaction Broker Compensation 2.125 Utilities for Gas Rangefor Electric DryerWasher Hookup Water Source Public Year Built Details Approximate Zoning Resdntl

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of The Steve Bremis Team of Steve Bremis Realty Group: 617-828-1070.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-04-23T15:06:35.737.
 
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Listing courtesy of The Steve Bremis Team of Steve Bremis Realty Group.