$7,545,000
$7,995,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
24 Beds
12 Baths
13,543 SqFt
SOLD DATE : 09/16/2024
Key Details
Sold Price $7,545,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,543 sqft
Price per Sqft $557
MLS Listing ID 73222468
Sold Date 09/16/24
Bedrooms 24
Full Baths 12
Year Built 1910
Annual Tax Amount $37,178
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Property Description
Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!
Location
State MA
County Middlesex
Area Union Square
Zoning Res
Direction Prospect Street to Somerville Avenue
Rooms
Basement Full
Interior
Flooring Wood
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
Waterfront false
View Y/N Yes
View City View(s)
Parking Type Paved Drive, Off Street, Assigned, Driveway
Total Parking Spaces 12
Garage No
Building
Story 3
Foundation Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Yan Rong • United Real Estate, LLC