207 Summer Street, Somerville, MA 02143 | MLS 72362745 | Listing Information | Bowes Real Estate Real Living | Real Living Real Estate
BOWES REAL ESTATE RealLiving 1010 Mass Ave Arlington Mass 02476
(781) 648-3500

207 Summer Street,  Somerville MA, 02143

9 beds , 6 Full baths
4,329 sqft
Status: Active
MLS#: 72362745
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BOWES REAL ESTATE RealLiving 1010 Mass Ave Arlington Mass 02476
(781) 648-3500

Listing Provided Courtesy Of: MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES
Last Updated: 8/16/2018 6:13 PM
Description for 207 Summer Street Somerville, MA 02143
The three-level building comprised of (3) 3-bedroom, 2-bath apartments grossing nearly $10k/month. Each apartment features large open layouts, modern kitchens, separate living and dining rooms, tile and hardwood floors, ample closet storage, outdoor space, and separately metered electric and gas responsible by the tenants. In addition, coin-op laundry available in the basement of the building for tenants and provides great additional income. The building is within walking distance of Porter Square and centrally located between the prestigious MIT, Harvard and Tufts University. The property allows easy access to Route I-93, McGrath Highway, and within minutes of downtown Boston. Buyers have the ability to acquire a rare, minimal management, fully occupied, cash-flowing asset in the heart of Somerville. The large 1400+ SF apartments offer the potential to convert back to 4-bedroom, 2-bath apartments resulting in 12 bedrooms and significant upside in the net income grossing nearly $130k.
Price
$1,895,000
Middlesex
9
6 Full
4,329 (approx)
72362745
Active
Description
The three-level building comprised of (3) 3-bedroom, 2-bath apartments grossing nearly $10k/month. Each apartment features large open layouts, modern kitchens, separate living and dining rooms, tile and hardwood floors, ample closet storage, outdoor space, and separately metered electric and gas responsible by the tenants. In addition, coin-op laundry available in the basement of the building for tenants and provides great additional income. The building is within walking distance of Porter Square and centrally located between the prestigious MIT, Harvard and Tufts University. The property allows easy access to Route I-93, McGrath Highway, and within minutes of downtown Boston. Buyers have the ability to acquire a rare, minimal management, fully occupied, cash-flowing asset in the heart of Somerville. The large 1400+ SF apartments offer the potential to convert back to 4-bedroom, 2-bath apartments resulting in 12 bedrooms and significant upside in the net income grossing nearly $130k.
Listing Information
Property Type: Multi-Family, Triplex
9 6 Full
24 0.1 Acres 4,329 (approx)
$437.75 1910 6
Gas Water Heater, City
City Sewer
3 Total
Neighborhood
Room Information
Bathrooms
6
Laundry Room
Interior Features
Full
3
Exterior / Lot Features
City
RB
Fenced (any type)
Driving Directions
Corner of Summer Street and Lowell Street.
Financial Considerations
$12,020
2018
Listing Price History

Somerville Real Estate

Somerville is located in Massachusetts. Somerville, Massachusetts 02143 has a population of 80,318.

The median household income in Somerville, Massachusetts 02143 is $66,866. The median household income for the surrounding county is $83,488 compared to the national median of $53,482. The median age of people living in Somerville 02143 is 31.3 years.

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Courtesy: - MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
This content last refreshed on 8/16/2018 6:13 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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443255 - BOWES REAL ESTATE RealLiving 1010 Mass Ave Arlington Mass 02476
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