$3,875,000
$3,975,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
54 Newton Street Somerville, MA 02143
17 Beds
12 Baths
6,108 SqFt
Key Details
Sold Price $3,875,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 6,108 sqft
Price per Sqft $634
MLS Listing ID 72687898
Sold Date 07/12/20
Bedrooms 17
Full Baths 12
Year Built 1920
Annual Tax Amount $17,945
Tax Year 2020
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
10 UNIT ROW HOUSE IN HIGHLY DESIRED INMAN SQUARE!!!! Well maintained townhouse style units all currently occupied. Owner has updated most of the units over the years with newer kitchens, vanities, appliances, flooring, doors, light fixtures, and fresh paint. All units have separate gas heating, hot water heaters, and electric panels. New retaining wall, patio work, and in the process of replacing the roof. Opportunity for new owner to increase rents as the units are occupied under market value. Most leases expire at the end of July and August. Somerville is considered one of the best rental markets in the Greater Boston area and only has room to grow once the new train stop is up and running. Rent Roll and expense sheet attached.
Location
State MA
County Middlesex
Area Inman Square
Zoning 9999
Direction Google Map
Rooms
Basement Walk-Out Access, Concrete
Interior
Appliance Utility Connections for Gas Range
Laundry Laundry Room
Exterior
Community Features Public Transportation, Shopping, Medical Facility, Bike Path, Highway Access, Private School, Public School, T-Station, University
Utilities Available for Gas Range
Roof Type Shingle
Garage No
Building
Lot Description Level
Story 10
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Read Less
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Bought with Julian Lewis • ABG Realty