This lovely newly renovated, Philadelphia Style 2-family is situated in vibrant Somerville near i-93, Sullivan Square, and right across Assembly Row. There are 7 bedrooms and 4 full bathrooms, with tons of potential. The exterior of the property is vinyl with 4 porches, 2 pear trees, and a back patio that leads to the former garage that can be used as a workshop or studio space. There are 2-3 off-street parking spaces in the driveway. Unit 1 has a living room, newly renovated kitchen, new bathroom, dining room, 2 bedrooms as well as nice wood floors throughout. Unit two has a den that leads to a private porch, open-concept living, and a dining room that features wood floors and tons of sunlight. The kitchen has granite, newer appliances, a large island, and updated tile floors. The 3 upstairs bedrooms have wood floors and ample closet space. The basement is partially finished and has a full bathroom. New Navien Heating system and electric work.
This home has been viewed 24 times
Last Checked: May 7th, 2024 at 5:05am (Source: MLS PIN #73063914)
Gross Income: $90,000
Gross Expenses: $6,067
Net Income Calc: $83,933
CAP Rate: 5.42%
Annual Expenses for 93-95 Pennsylvania Ave, Somerville MA 02145
Total Gross Expenses (Calculated)$6,067/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$6,067
Annual Income & Unit Breakdown for 93-95 Pennsylvania Ave, Somerville MA 02145
Total Gross Income (Calculated)$90,000
Unit 1
Rental Income$2,500
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
Unit 2
Rental Income$5,000
LeaseN
Bedrooms5
Bathrooms2 Full
Floor2
Levels in Unit2
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
General Information for 93-95 Pennsylvania Ave, Somerville MA 02145
Listing ID73063914
Property TypeMulti Family / 2 Family
Price$1,550,000 ($531.91/SqFt)
Style2 Family - 2 Units Up/down
CitySomerville
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,914 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking3 (1 Garage)
Garage Parking1 / Detached
Year Built1910
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRA
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 93-95 Pennsylvania Ave, Somerville MA 02145
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureApproximate
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$84,000
Total Net Income By Broker$90,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 93-95 Pennsylvania Ave, Somerville MA 02145
Real Estate Taxes$6,067
Tax Year2022
Assessed Value$1,050,000
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$84,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$90,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)5.42%
Location Information for 93-95 Pennsylvania Ave, Somerville MA 02145
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Public Transportation, T-station, Tennis Court(s)
Contact Information for 93-95 Pennsylvania Ave, Somerville MA 02145