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1153-1155 Broadway Somerville, MA 02144
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Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 6,920 sqft
Price per Sqft $462
MLS Listing ID 72440232
Bedrooms 8
Full Baths 7
Year Built 1910
Annual Tax Amount $22,296
Tax Year 2018
Lot Size 3,920 Sqft
Property Sub-Type 5+ Family - 5+ Units Side by Side
Property Description
RARE...RARE...RARE OPPORTUNITY! Only HALF A MILE TO DAVIS SQ. Exceptional BRICK 5 UNIT RESIDENTIAL BUILDING with DOUBLE RETAIL STOREFRONT SPACE. Fantastic opportunity for future growth and appreciation with the new proposed GREEN LINE STOP less than a mile away and TUFTS just over a quarter from the property. Future expansion of Teele Sq may also include a proposed hotel across the street which has been met with positive feedback. TOTAL CURRENT GROSS MONTHLY INCOME IS $15,150(Projected $16,900) / GROSS ANNUAL INCOME $181,800 (Projected $202,800)...Only two of the rental units have leases, the other three are Tenants At Will. Overall condition of the building is very good to excellent. Rated a Very Walkable Walk Score of 89! Current Zoning is NB (Neighborhood Business). New proposed zoning to be confirmed in 2019 will be MR4 which will allow for limited expansion.
Location
State MA
County Middlesex
Zoning NB
Exterior
Community Features Public Transportation, Shopping, Park, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
Building
Lot Description Other
Story 8
Foundation Stone
Sewer Public Sewer
Water Public
Read Less
Bought with The iBremis Team • LAER Realty Partners / iBremis Realty
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