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Expired

14-16 Crescent Street, Somerville MA 02145

$1,650,000

Estimated $3,777.55/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $550,000

Total Rent: 111600/year

Estimated CAP Rate: 5.96%

8 Bedrooms

5 Full Baths

3,478 SqFt

Total Parking: 0

4,627 SqFt

14-16 Crescent Street is a turn-key transit oriented 3-unit investment property located on the border of East Somerville and Charlestown in the Sullivan Square neighborhood. The property is comprised of three apartments (4BR/2BA duplex, 2BR/2BA flat, and 2BR/1BR flat) and a finished basement office rented to a local contracting company. The apartments have been renovated and feature central air-conditioning. The building is fully leased through 2023 and generates a substantial monthly rent of $10,150. This location is a commuter's dream as it has direct I-93 highway access and sits steps to the MBTA Orange line (Sullivan Station) and public Bus Depot. Tenants benefit from the endless dining, shopping, and entertainment options of Assembly Square and Boston's Encore Casino.

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 4:56am (Source: MLS PIN #73057286)

Gross Income: $111,600

Gross Expenses: $13,225

Net Income Calc: $98,375

CAP Rate: 5.96%

Annual Expenses for 14-16 Crescent Street, Somerville MA 02145

Total Gross Expenses (Calculated)$13,225/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$13,225

Annual Income & Unit Breakdown for 14-16 Crescent Street, Somerville MA 02145

Total Gross Income (Calculated)$111,600

Unit 1

Rental Income$4,500

LeaseY

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$2,500

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$2,300

Lease

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 14-16 Crescent Street, Somerville MA 02145

Listing ID73057286

Property TypeMulti Family / 3 Family

Price$1,650,000 ($474.41/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,478 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking0

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

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 14-16 Crescent Street, Somerville MA 02145

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$21,768

Total Gross Income By Broker$121,800

Total Net Income By Broker$100,014

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator CompensationN/A

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 14-16 Crescent Street, Somerville MA 02145

Real Estate Taxes$13,225

Tax Year2022

Assessed Value$1,259,000

Financial Data Source

Total Gross Expenses By Broker$21,768

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$121,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$100,014

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.96%

Location Information for 14-16 Crescent Street, Somerville MA 02145

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station

Contact Information for 14-16 Crescent Street, Somerville MA 02145

Agent

Name: Tony Pepdjonovic

Office

Name: Marcus & Millichap Real Estate Investment Services

Phone: 617-896-7200

Payment Calculator

, Interest

Property Taxes 1102.08

Principal & Interest 10166.78

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Marcus & Millichap Real Estate Investment Services

Tony Pepdjonovic

Agent Phone

Office Phone

(617) 896-7200

Text Agent Call Agent Call Office

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[owner_occupancy_source] => 
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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[phone] => 617-429-2031
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    [senior_community] => No
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[state] => Massachusetts
    [state_code] => MA
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[street_number] => 14-16
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[subagent_compensation] => 
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[terms] => Array
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[water] => Array
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[water_expense] => Array
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[year_built] => 1900
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    [zoning] => RB
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EXIT

Expired

14-16 Crescent Street, Somerville MA 02145

$1,650,000

Annual Expenses for 14-16 Crescent Street, Somerville MA 02145

Annual Income & Unit Breakdown for 14-16 Crescent Street, Somerville MA 02145

General Information for 14-16 Crescent Street, Somerville MA 02145

Disclosures for 14-16 Crescent Street, Somerville MA 02145

Financial Information for 14-16 Crescent Street, Somerville MA 02145

Location Information for 14-16 Crescent Street, Somerville MA 02145

Contact Information for 14-16 Crescent Street, Somerville MA 02145

Agent

Office

Payment Calculator

Exclusive Listing Agent

Marcus & Millichap Real Estate Investment Services

Tony Pepdjonovic