The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-pla...
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Last Checked: October 7th, 2024 at 4:19pm (Source: MLS PIN #73211289)
Gross Income: $183,864
Gross Expenses: $57,409
Net Income Calc: $126,455
CAP Rate: 1.58%
Annual Expenses for 21 Allen Street, Somerville MA 02143
Total Gross Expenses (Calculated)$57,409/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$57,409.43
Annual Income & Unit Breakdown for 21 Allen Street, Somerville MA 02143
Total Gross Income (Calculated)$183,864
Unit 1
Rental Income$2,895
LeaseN
Bedrooms0
Bathrooms
Floor1
Levels in Unit1
HeatingNo
Rent IncludesNo
Unit 2
Rental Income$3,686
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent IncludesNo
Unit 3
Rental Income$4,137
Lease
Bedrooms2
Bathrooms2 Full, 1 Half
Floor2
Levels in Unit1
HeatingNo
Rent IncludesNo
Unit 4
Rental Income$4,604
Lease
Bedrooms2
Bathrooms2 Full
Floor3
Levels in Unit1
HeatingNo
Rent IncludesNo
General Information for 21 Allen Street, Somerville MA 02143
Listing ID73211289
Property TypeMulti Family
Price$8,000,000 ($168.17/SqFt)
Style5+ Family - 5+ Units Up/down
CitySomerville
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total47,572 SqFt
Approximate Lot Size (Acres)0.41 acres
Total Parking0
Garage Parking
Year Built2025
Year Built SourceOwner
Year Renovated
Year Built DetailsTo Be Built
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsNo
Lot FeaturesLevel, Cleared
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningUR
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront FeaturesNo
Energy FeaturesSolar
Terms
Disclosures for 21 Allen Street, Somerville MA 02143
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourceOther
Title 5
Exclusions
Disclosures
Financial Data SourceNo
Total Gross Expenses By Broker$0
Total Gross Income By Broker$250,164
Total Net Income By Broker$250,164
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation1.5
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 21 Allen Street, Somerville MA 02143
Real Estate Taxes$57,409.43
Tax Year2024
Assessed Value$5,378,000
Financial Data SourceNo
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$250,164
BostonRealEstate.com Gross Income
Total Net Income By Broker$250,164
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)1.58%
Location Information for 21 Allen Street, Somerville MA 02143
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesPublic School, Shopping, Bike Path, Public Transportation, T-station, University
Contact Information for 21 Allen Street, Somerville MA 02143