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250 Highland Ave, Somerville MA 02143

$1,550,000

Estimated $3,518/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $516,666.67

Total Rent: 108360/year

Estimated CAP Rate:

8 Bedrooms

Baths

3429

Total Parking: 4

4,251 (0.10)

Excellent investment opportunity in the prime Somerville Spring Hill neighborhood, next to Davis Square. Condo quality kitchens and baths in all 3 apartments can be found in this well maintained building on a corner lot with rare 4+ parking. High quality tenants are attracted to this hip location just steps to Davis Square and the community bike path, 3 Little Figs, the Armory, Porter Square. Multiple MBTA stops are short distances away including the new Magoun Square Green line & Porter Square Red line stop. Each unit has separate utilities and features gleaming hardwood floors, granite counter-tops, custom hardwood cabinets, and crown molding. Units 1 and 2 have Stainless steel appliances. The basement includes designated storage areas and two sets of coin-op washer/dryers which ultimately pay for the common water reducing your operating expenses. Fully leased with an opportunity for rent increases.

This home has been viewed 43 times

Last Checked: May 7th, 2024 at 4:46am (Source: MLS PIN #73104568)

Gross Income: $108,360

Gross Expenses: $12,053

Net Income Calc: $96,307

Water Views

Annual Expenses for 250 Highland Ave, Somerville MA 02143

Total Gross Expenses (Calculated)$12,053/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax12053

Annual Income & Unit Breakdown for 250 Highland Ave, Somerville MA 02143

Total Gross Income (Calculated)$108,360

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 250 Highland Ave, Somerville MA 02143

Listing ID73104568

Property TypeMulti Family / 3 Family

Price1550000 ($452.03/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS AreaSpring Hill

Neighborhood(s)

Approximate Living Area Total3429

Approximate Lot Size (Acres)0.1

Total Parking4

Garage Parking0

Year Built1905

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 250 Highland Ave, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

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

Facilitator Compensation0

Compensation Based OnNet Sale Price

Financial Information for 250 Highland Ave, Somerville MA 02143

Real Estate Taxes12053

Tax Year2022

Assessed Value$1,184

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 250 Highland Ave, Somerville MA 02143

Elementary SchoolChoice

Middle SchoolChoice

High SchoolSomerville High

Neighborhood(s)

MLS AreaSpring Hill

Area AmenitiesWalk/jog Trails

Contact Information for 250 Highland Ave, Somerville MA 02143

Agent

Name: The Moving Greater Boston Team

Office

Name: Berkshire Hathaway HomeServices Warren Residential

Phone: 617-848-9616

Payment Calculator

, Interest

Property Taxes 1004.42

Principal & Interest 9550.61

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Warren Residential

The Moving Greater Boston Team

Agent Phone

Office Phone

(617) 848-9616

Text Agent Call Agent Call Office

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EXIT

18 More Photos

Closed

250 Highland Ave, Somerville MA 02143

$1,550,000

Annual Expenses for 250 Highland Ave, Somerville MA 02143

Annual Income & Unit Breakdown for 250 Highland Ave, Somerville MA 02143

General Information for 250 Highland Ave, Somerville MA 02143

Disclosures for 250 Highland Ave, Somerville MA 02143

Financial Information for 250 Highland Ave, Somerville MA 02143

Location Information for 250 Highland Ave, Somerville MA 02143

Contact Information for 250 Highland Ave, Somerville MA 02143

Agent

Office

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Warren Residential

The Moving Greater Boston Team