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Closed

22 Granite St, Somerville MA 02143

$1,550,000

Estimated $3,827.90/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $516,666.67

Total Rent: 33600/year

Estimated CAP Rate: 1.15%

6 Bedrooms

3 Full Baths

2,850 SqFt

Total Parking: 3

2,920 SqFt

Amazing investment property in great location-- Great for the owner occupant or savvy investor. This 3 unit building is just .5 miles from near the new Gilman Sq green line, .6 miles to Union Sq, and about a mile to Harvard and Porter. Restaurants, shops, universities and public transit are all a stone's throw away.Each unit is 4 rooms, 2 beds and 1 bath. They have hardwood floors, have recent renovations, in-unit laundry & lots of light. Owner's unit is on first floor. Second floor just moved out in March and will be delivered vacant. The third floor is rented through 8/31/2023 at 2800/month. There's a 3 car tandem driveway, garden area and patio. Updates include: roof 2012, Unit 1 heater and tankless hot water installed in 2015, complete unit remodeled in 2017. Unit 2 water heater is 2015, heating system older, and kitchen was remodeled in 2022. Unit 3 water heater is 2015, kitchen and bath remodeled in 2018. Exterior painted in 2015. Possibility of finishing the basement.

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 4:46am (Source: MLS PIN #73087287)

Gross Income: $33,600

Gross Expenses: $15,774

Net Income Calc: $17,826

CAP Rate: 1.15%

Annual Expenses for 22 Granite St, Somerville MA 02143

Total Gross Expenses (Calculated)$15,774/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$15,774.90

Annual Income & Unit Breakdown for 22 Granite St, Somerville MA 02143

Total Gross Income (Calculated)$33,600

Unit 1

Rental Income$0

LeaseN

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$2,800

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 22 Granite St, Somerville MA 02143

Listing ID73087287

Property TypeMulti Family / 3 Family

Price$1,550,000 ($543.86/SqFt)

Style3 Family - 3 Units Up/down

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,850 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking3

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRes

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 22 Granite 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$33,600

Total Net Income By Broker$33,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 22 Granite St, Somerville MA 02143

Real Estate Taxes$15,774.90

Tax Year2023

Assessed Value$1,549,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$33,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$33,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.15%

Location Information for 22 Granite St, Somerville MA 02143

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Shopping, Park, Laundromat, Public Transportation, T-station, University

Contact Information for 22 Granite St, Somerville MA 02143

Agent

Name: Katherine Malin

Office

Name: Compass

Phone: 617-303-0067

Payment Calculator

, Interest

Property Taxes 1314.58

Principal & Interest 9550.61

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Katherine Malin

Agent Phone

Office Phone

(617) 303-0067

Text Agent Call Agent Call Office

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EXIT

Closed

22 Granite St, Somerville MA 02143

$1,550,000

Annual Expenses for 22 Granite St, Somerville MA 02143

Annual Income & Unit Breakdown for 22 Granite St, Somerville MA 02143

General Information for 22 Granite St, Somerville MA 02143

Disclosures for 22 Granite St, Somerville MA 02143

Financial Information for 22 Granite St, Somerville MA 02143

Location Information for 22 Granite St, Somerville MA 02143

Contact Information for 22 Granite St, Somerville MA 02143

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Katherine Malin