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Closed

14-16 Allen St, Somerville MA 02143

$1,699,900

Estimated $4,025.38/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $566,633.33

Total Rent: 63600/year

Estimated CAP Rate: 2.85%

6 Bedrooms

3 Full Baths

3,597 SqFt

Total Parking: 4 (1 Garage)

3,446 SqFt

Somerville's fastest changing address is right here beside the newly opened Union Square T station and next door to the under-construction USQ, a 17 acre mixed use project of residential, retail, office, lab space, and a 27000 sf neighborhood park! Renovated 3 family house offers 3 modern 2br units, flexible layouts, ample parking, and 1c garage. Modern kitchens with quartz countertops; gorgeous hardwood floors, spacious rooms with over 1100 sf per unit. With the Greenline at the end of Allen Street, newer windows, bathrooms, and high efficiency systems, these rental units have ridiculous investment upside. WalkScore 94 and perfect BikeScore of 100; just minutes to Assembly Row, Harvard, MIT, and Downtown Boston.

This home has been viewed 30 times

Last Checked: May 7th, 2024 at 1:25am (Source: MLS PIN #73065100)

Gross Income: $63,600

Gross Expenses: $15,228

Net Income Calc: $48,372

CAP Rate: 2.85%

Annual Expenses for 14-16 Allen St, Somerville MA 02143

Total Gross Expenses (Calculated)$15,228/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$15,228

Annual Income & Unit Breakdown for 14-16 Allen St, Somerville MA 02143

Total Gross Income (Calculated)$63,600

Unit 1

Rental Income$3,000

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,300

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 14-16 Allen St, Somerville MA 02143

Listing ID73065100

Property TypeMulti Family / 3 Family

Price$1,699,900 ($472.59/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,597 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking4 (1 Garage)

Garage Parking1 / Detached

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 14-16 Allen St, 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$63,600

Total Net Income By Broker$63,600

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 14-16 Allen St, Somerville MA 02143

Real Estate Taxes$15,228

Tax Year2022

Assessed Value$1,495,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$63,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$63,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.85%

Location Information for 14-16 Allen St, Somerville MA 02143

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesShopping, Park, Public Transportation

Contact Information for 14-16 Allen St, Somerville MA 02143

Agent

Name: Charles Ball

Office

Name: Berkshire Hathaway HomeServices Commonwealth Real Estate

Phone: 617-666-2121

Team Members

Name: Christine Ball

Phone: 617-893-0470

Payment Calculator

, Interest

Property Taxes 1269

Principal & Interest 10474.24

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Charles Ball

Agent Phone

Office Phone

(617) 666-2121

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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    [title_5] => 
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    [total_gross_income] => 63600
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[uffi] => Array
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[water] => Array
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[water_expense] => Array
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[water_views_features] => Array
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[year_built] => 1910
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    [zoning] => RB
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EXIT

Closed

14-16 Allen St, Somerville MA 02143

$1,699,900

Annual Expenses for 14-16 Allen St, Somerville MA 02143

Annual Income & Unit Breakdown for 14-16 Allen St, Somerville MA 02143

General Information for 14-16 Allen St, Somerville MA 02143

Disclosures for 14-16 Allen St, Somerville MA 02143

Financial Information for 14-16 Allen St, Somerville MA 02143

Location Information for 14-16 Allen St, Somerville MA 02143

Contact Information for 14-16 Allen St, Somerville MA 02143

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Charles Ball