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Canceled

13 Pennsylvania Avenue, Somerville MA 02145

$1,599,000

Estimated $112,017.44/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $533,000

Total Rent: 103800/year

Estimated CAP Rate: -75.63%

9 Bedrooms

4 Full Baths

3,406 SqFt

Total Parking: 1

4,647 SqFt

Unique opportunity for an owner to invest and live in a unit with high rents to offset mortgage in a hot real estate market. Oversized & sunny 3-unit Dutch Colonial offers an opportunity to move in and lease other units. This pristine home is updated & renovated including kitchens, baths, appliances, fixtures, moldings, french doors with gleaming hardwood flooring & sizeable decks. First floor has accessibility to lower level with an office/playroom & full bath and brand-new gas heating system. Capitalize on this attractive upgraded multifamily as a homeowner or investor with a steady monthly cash flow. Close proximity to Sullivan Square Station, Green line extension, Supermarkets, less than 1 mile to Assembly Row with great restaurants & shopping and Tufts University. Easy access to Route 93 North & South and Boston. 1 car off street parking.

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 2:10am (Source: MLS PIN #73086958)

Gross Income: $103,800

Gross Expenses: $1,313,096

Net Income Calc: $1,209,296

CAP Rate: -75.63%

Annual Expenses for 13 Pennsylvania Avenue, Somerville MA 02145

Total Gross Expenses (Calculated)$1,313,096/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$1,313,096

Annual Income & Unit Breakdown for 13 Pennsylvania Avenue, Somerville MA 02145

Total Gross Income (Calculated)$103,800

Unit 1

Rental Income$3,200

LeaseY

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$2,700

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$2,750

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 13 Pennsylvania Avenue, Somerville MA 02145

Listing ID73086958

Property TypeMulti Family / 3 Family

Price$1,599,000 ($469.47/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,406 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking1

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area0

Foundation DescriptionBlock

Accessible Features

Outdoor Space

Zoning0

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 13 Pennsylvania Avenue, Somerville MA 02145

Lead Paint

UFFI

Living Area Includes BasementYes

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$97,200

Total Net Income By Broker$103,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 13 Pennsylvania Avenue, Somerville MA 02145

Real Estate Taxes$1,313,096

Tax Year2023

Assessed Value$126,991

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$97,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$103,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-75.63%

Location Information for 13 Pennsylvania Avenue, Somerville MA 02145

Elementary School

Middle School

High SchoolSomerville High

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Shopping, Public Transportation, T-station, University

Contact Information for 13 Pennsylvania Avenue, Somerville MA 02145

Agent

Name: Leslie Grover

Office

Name: Grover Group Realty LLC

Phone: 617-438-7717

Team Members

Name: Danny Zelada

Phone: 617-800-7779

Payment Calculator

, Interest

Property Taxes 109424.67

Principal & Interest 9852.53

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Grover Group Realty LLC

Leslie Grover

Agent Phone

Office Phone

(617) 438-7717

Text Agent Call Agent Call Office

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)

EXIT

Canceled

13 Pennsylvania Avenue, Somerville MA 02145

$1,599,000

Annual Expenses for 13 Pennsylvania Avenue, Somerville MA 02145

Annual Income & Unit Breakdown for 13 Pennsylvania Avenue, Somerville MA 02145

General Information for 13 Pennsylvania Avenue, Somerville MA 02145

Disclosures for 13 Pennsylvania Avenue, Somerville MA 02145

Financial Information for 13 Pennsylvania Avenue, Somerville MA 02145

Location Information for 13 Pennsylvania Avenue, Somerville MA 02145

Contact Information for 13 Pennsylvania Avenue, Somerville MA 02145

Agent

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Exclusive Listing Agent

Grover Group Realty LLC

Leslie Grover