Rare opportunity to own a fully renovated Two Family Home located on a tree-lined side street in Somerville near Tufts University and a mile from trendy Davis Sq. Offers 2 spectacular units ready for Condo Conversion, Income Property or Multi-Generational living. The 1st floor is a classic five room apartment with open-plan living and dining rooms, a renovated kitchen with granite island/counters and stainless appliances, and two equally sized bedrooms. On two levels, the second floor unit also has a sunny open floor plan and fully renovated kitchen, as well as a stunning third floor bedroom with vaulted ceiling and amazing windows. All units are generously sized and have separate utilities, in-unit laundry or hook-ups, hardwood floors, and front and back enclosed porches. This property also offers a large fenced in patio and a 4 car parking driveway. Two MBTA subway stops are close by, as are bike paths and tennis courts. Easy access to Boston, as well as points North and West.
This home has been viewed 25 times
Last Checked: May 7th, 2024 at 4:46am (Source: MLS PIN #73077534)
Gross Income: $74,400
Gross Expenses: $11,047
Net Income Calc: $63,353
CAP Rate: 4.89%
Annual Expenses for 31-33 College Hill Rd, Somerville MA 02144
Total Gross Expenses (Calculated)$11,047/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$11,047
Annual Income & Unit Breakdown for 31-33 College Hill Rd, Somerville MA 02144
Total Gross Income (Calculated)$74,400
Unit 1
Rental Income$2,700
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$3,500
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
General Information for 31-33 College Hill Rd, Somerville MA 02144
Listing ID73077534
Property TypeMulti Family / 2 Family
Price$1,295,000 ($488.13/SqFt)
Style2 Family - 2 Units Up/down
CitySomerville
CountyMiddlesex
MLS AreaWest Somerville
Neighborhood(s)
Approximate Living Area Total2,653 SqFt
Approximate Lot Size (Acres)0.08 acres
Total Parking4
Garage Parking
Year Built1930
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRA
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 31-33 College Hill Rd, Somerville MA 02144
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$32,400
Total Net Income By Broker$32,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.25
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 31-33 College Hill Rd, Somerville MA 02144
Real Estate Taxes$11,047
Tax Year2022
Assessed Value$1,085,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$32,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$32,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)4.89%
Location Information for 31-33 College Hill Rd, Somerville MA 02144
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaWest Somerville
Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Private School, University
Contact Information for 31-33 College Hill Rd, Somerville MA 02144