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Expired

141 Walnut, Somerville MA 02145

$2,800,000

Estimated $5,673/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $700,000

Total Rent: 0/year

Estimated CAP Rate:

10 Bedrooms

Baths

5427

Total Parking: 7 (2 Garage)

11,460 (0.26)

***LISTING UPDATED - 4 UNITS FULLY PERMITTED*** RARE OPPORTUNITY for investors/developers to purchase this historic Somerville property. The property is fully permitted with completed, approved construction drawings. The interior of the main structure has already been demolished and some framing has started. The proposed renderings would include 4 units: All units are designed with at least (2) bedrooms and (2) full bathrooms. The 2nd existing structure (NOT PERMITTED) creates an opportunity to maximize this lot by creating another 1-bedroom cottage or renovate the structure into an additional parking/storage/common area. The location is perfect: Excellent Walkability score, close to public transportation, walkable schools, convenient access to 93 N&S. Property will be delivered vacant.

This home has been viewed 51 times

Last Checked: May 7th, 2024 at 3:46am (Source: MLS PIN #73076129)

Gross Income: $0

Gross Expenses: $13,599

Net Income Calc: $13,599

Annual Expenses for 141 Walnut, Somerville MA 02145

Total Gross Expenses (Calculated)$13,599/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13599.1

Annual Income & Unit Breakdown for 141 Walnut, Somerville MA 02145

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full, 1 Half

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full, 1 Half

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 141 Walnut, Somerville MA 02145

Listing ID73076129

Property TypeMulti Family / 4 Family

Price2800000 ($515.94/SqFt)

Style4 Family

CitySomerville

CountyMiddlesex

MLS AreaWinter Hill

Neighborhood(s)

Approximate Living Area Total5427

Approximate Lot Size (Acres)0.26

Total Parking7 (2 Garage)

Garage Parking2

Year Built1890

Year Built SourcePublic Records

Year Built DetailsActual,Under Construction

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

Zoning1110

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 141 Walnut, Somerville MA 02145

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOther

ExclusionsAll Personal Property.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%

Facilitator Compensation1%

Compensation Based OnGross/full Sale Price

Financial Information for 141 Walnut, Somerville MA 02145

Real Estate Taxes13599.1

Tax Year2023

Assessed Value$1,315,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 141 Walnut, Somerville MA 02145

Neighborhood(s)

MLS AreaWinter Hill

Area AmenitiesWalk/jog Trails

Contact Information for 141 Walnut, Somerville MA 02145

Agent

Name: Chad Boulay

Office

Name: Next Level Realty

Phone: 617-799-7749

Payment Calculator

, Interest

Property Taxes 1133.26

Principal & Interest 17252.71

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Next Level Realty

Chad Boulay

Agent Phone

Office Phone

(617) 799-7749

Text Agent Call Agent Call Office

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EXIT

7 More Photos

Expired

141 Walnut, Somerville MA 02145

$2,800,000

Annual Expenses for 141 Walnut, Somerville MA 02145

Annual Income & Unit Breakdown for 141 Walnut, Somerville MA 02145

General Information for 141 Walnut, Somerville MA 02145

Disclosures for 141 Walnut, Somerville MA 02145

Financial Information for 141 Walnut, Somerville MA 02145

Location Information for 141 Walnut, Somerville MA 02145

Contact Information for 141 Walnut, Somerville MA 02145

Agent

Office

Payment Calculator

Exclusive Listing Agent

Next Level Realty

Chad Boulay