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5-7 Cottage Avenue, Somerville MA 02144

$1,795,000

Estimated $4,193.33/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $598,333.33

Total Rent: 92400/year

Estimated CAP Rate: 4.29%

3 Bedrooms

3 Full Baths

3,007 SqFt

Total Parking: 4 (2 Garage)

3,658 SqFt

Lovely 3-family with 2-bay garage and double-wide driveway on a pretty residential street in prime Davis Sq. location. Excellent rental history. Notable features include updated kitchen in Unit 1; updated kitchen in Unit 2 w/gas cooktop, separate oven, vent hood, butcher block counters, ss appliances; w/d and wood burning fp in Unit 2; recently rebuilt front and rear porches; shared bsmt w/d for Units 1 and 3; large windows; hardwood floors; front and side garden/yard; rear patio. All 3 units are 1 bed/1 bath with leases thru 8/31/24; Unit 1 could be delivered vacant by July 1. Would also convert nicely to 2 units (see uploaded plans) or single family. Enjoy the many delights of Davis Sq. – shops, restaurants, nightlife, Red Line subway stop. Cottage Ave. is also walkable to the Porter Sq. Red Line and commuter rail stations, 2 new GLX stations, and to Ball, Magoun, and Teele Sqs. Easy commute by bike, foot, or public transit to Harvard, MIT, and Tufts; near major highways and airport.

This home has been viewed 78 times

Last Checked: October 7th, 2024 at 4:54pm (Source: MLS PIN #73229155)

Gross Income: $92,400

Gross Expenses: $15,393

Net Income Calc: $77,007

CAP Rate: 4.29%

Annual Expenses for 5-7 Cottage Avenue, Somerville MA 02144

Total Gross Expenses (Calculated)$15,393/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$15,393

Annual Income & Unit Breakdown for 5-7 Cottage Avenue, Somerville MA 02144

Total Gross Income (Calculated)$92,400

Unit 1

Rental Income$2,850

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesNo

Unit 2

Rental Income$2,850

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesNo

Unit 3

Rental Income$2,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesNo

General Information for 5-7 Cottage Avenue, Somerville MA 02144

Listing ID73229155

Property TypeMulti Family / 3 Family

Price$1,795,000 ($596.94/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS AreaDavis Square

Neighborhood(s)

Approximate Living Area Total3,007 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking4 (2 Garage)

Garage Parking2 / Detached

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesOther

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningNR

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 5-7 Cottage Avenue, Somerville MA 02144

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$83,400

Total Net Income By Broker$83,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 5-7 Cottage Avenue, Somerville MA 02144

Real Estate Taxes$15,393

Tax Year2024

Assessed Value$1,463,200

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$83,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$83,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.29%

Location Information for 5-7 Cottage Avenue, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaDavis Square

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, Shopping, Park, Bike Path, Public Transportation, T-station, University

Contact Information for 5-7 Cottage Avenue, Somerville MA 02144

Agent

Name: Thalia C. Tringo

Office

Name: Thalia Tringo & Associates Real Estate, Inc.

Phone: 617-616-5091

Payment Calculator

, Interest

Property Taxes 1282.75

Principal & Interest 11060.22

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Thalia Tringo & Associates Real Estate, Inc.

Thalia C. Tringo

Agent Phone

Office Phone

(617) 616-5091

Text Agent Call Agent Call Office

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EXIT

Withdrawn

5-7 Cottage Avenue, Somerville MA 02144

$1,795,000

Annual Expenses for 5-7 Cottage Avenue, Somerville MA 02144

Annual Income & Unit Breakdown for 5-7 Cottage Avenue, Somerville MA 02144

General Information for 5-7 Cottage Avenue, Somerville MA 02144

Disclosures for 5-7 Cottage Avenue, Somerville MA 02144

Financial Information for 5-7 Cottage Avenue, Somerville MA 02144

Location Information for 5-7 Cottage Avenue, Somerville MA 02144

Contact Information for 5-7 Cottage Avenue, Somerville MA 02144

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Thalia Tringo & Associates Real Estate, Inc.

Thalia C. Tringo