A fantastic opportunity to acquire an income-producing property. The large first floor one bedroom one bathroom unit offers a living room with a fireplace & bay window, dining room, updated kitchen, and family room. The second unit occupies the second and third floors. This three bedroom, plus study, two bathroom home offers a living room with a bay window, dining room with a bay window, large eat-in kitchen, office, study, and deck. The lower level provides an expansive area for storage & utilities. Conveniently accessible via public transportation, this property is located within a matter of feet of multiple parks & playgrounds, the Somerville Public Library, High School, and City Hall. Just half a mile to Bow Market and close proximity to the new Gilman Square Station on the Green Line.
This home has been viewed 28 times
Last Checked: May 7th, 2024 at 12:26am (Source: MLS PIN #73041976)
Gross Income: $0
Gross Expenses: $12,453
Net Income Calc: $12,453
CAP Rate: -0.79%
Annual Expenses for 14 Grand View Avenue, Somerville MA 02143
Total Gross Expenses (Calculated)$12,453/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$12,453.90
Annual Income & Unit Breakdown for 14 Grand View Avenue, Somerville MA 02143
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
General Information for 14 Grand View Avenue, Somerville MA 02143
Listing ID73041976
Property TypeMulti Family
Price$1,585,000 ($520.35/SqFt)
StyleMulti Family
CitySomerville
CountyMiddlesex
MLS AreaProspect Hill
Neighborhood(s)
Approximate Living Area Total3,046 SqFt
Approximate Lot Size (Acres)0.09 acres
Total Parking4
Garage Parking
Year Built1890
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor Space
ZoningRes
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 14 Grand View Avenue, Somerville MA 02143
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
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 14 Grand View Avenue, Somerville MA 02143
Real Estate Taxes$12,453.90
Tax Year2022
Assessed Value$1,193,900
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.79%
Location Information for 14 Grand View Avenue, Somerville MA 02143
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaProspect Hill
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Bike Path, Public Transportation, T-station, Private School, University
Contact Information for 14 Grand View Avenue, Somerville MA 02143