Multi-Family for Sale: 250-256 Somerville Ave, Somerville, MA 02143 SOLD

24 beds
12 full baths
13,543 sqft
$7,545,000
$7,545,000
250-256 Somerville Ave, Somerville, MA 02143 SOLD
24 beds
12 full baths
13,543 sqft
$7,545,000
Remove from
Favorites
Add to
Favorites
Add to
Trip Map
Hide Share or
Email
Selling Price: $7,545,000
Original List Price: $8,888,000
Sold at 84.9% of list price
Sold Date: 09/16/2024

Type Multi-Family
Beds 24
Total Baths 12 full baths
Square Feet 13,543 sqft
Lot Size 0.28 acres
Year Built 1910

City Somerville
County Middlesex

MLS 73222468
Status Closed
DOM 159 days
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!

Lot & Building Features

Sewer Public Sewer
Tax Year 2024
Taxes Paid $37,178
Water Public
Foundation Brick/Mortar, Concrete Perimeter
Full Baths 12
Parking Assigned, Paved Drive, Off Street, Driveway
Total Rooms 48
Basement Feature Full
Garage Spaces 0

Price History of 250-256 Somerville Ave

Date Name Price Difference
07/23/2024 Price Adjustment $7,545,000 10.18%
05/16/2024 Price Adjustment $8,400,000 5.49%
04/10/2024 Listing Price $8,888,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 250-256 Somerville Ave, Somerville, MA

Location Map Street View
Photo of Celine Frechette
Direct: 603-770-4595
Office
240 Ocean Blvd
Seabrook Beach, NH 03874
603-474-3401
Listed by Senne, William Senne
Sold by United Real Estate, LLC, Yan Rong
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Senne

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.