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Closed

59-61 Woods Ave, Somerville MA 02144

$1,024,900

Estimated $2,395.37/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $512,450

Total Rent: 25200/year

Estimated CAP Rate: 1.60%

4 Bedrooms

2 Full Baths

2,112 SqFt

Total Parking: 2

3,200 SqFt

Excitement awaits for owner occupants or investors in this well maintained multi-unit property less than a 1/2 mile to Tufts College. Meticulously maintained and cared for over the years, this property boasts many current updates (see attached document of updates to property). 1st floor is currently rented with a monthly rent of $2,100 and that lease ends on or about July 31st 2023. The 2nd floor unit is currently vacant. This property resides in close proximity to major routes and highways 2 & 93 and all of that which Somerville and the surrounding communities of Medford and Cambridge have to offer. 1 mile to Davis Square and short distance to Dilboy Stadium. Easy access to public transportation including less than a 1/2 mile to the new Tufts Green Line stop and less than a mile to the West Medford commuter rail. Each unit has plenty of space, hardwood flooring, enclosed front and rear 3-season porches. Backyard area with patio and green space.

This home has been viewed 30 times

Last Checked: May 7th, 2024 at 5:46am (Source: MLS PIN #73100684)

Gross Income: $25,200

Gross Expenses: $8,802

Net Income Calc: $16,398

CAP Rate: 1.60%

Annual Expenses for 59-61 Woods Ave, Somerville MA 02144

Total Gross Expenses (Calculated)$8,802/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,802

Annual Income & Unit Breakdown for 59-61 Woods Ave, Somerville MA 02144

Total Gross Income (Calculated)$25,200

Unit 1

Rental Income$2,100

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesNone), Unit 1(water, Unit 2(water

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesNone), Unit 1(water, Unit 2(water

General Information for 59-61 Woods Ave, Somerville MA 02144

Listing ID73100684

Property TypeMulti Family

Price$1,024,900 ($485.27/SqFt)

StyleMulti Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,112 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking2

Garage Parking

Year Built1920

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 59-61 Woods Ave, 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$25,200

Total Net Income By Broker$25,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 59-61 Woods Ave, Somerville MA 02144

Real Estate Taxes$8,802

Tax Year2023

Assessed Value$851,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$25,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$25,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.60%

Location Information for 59-61 Woods Ave, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Public Transportation, T-station, Private School, University, Sidewalks

Contact Information for 59-61 Woods Ave, Somerville MA 02144

Agent

Name: Prestige Homes Realty Team

Office

Name: Prestige Homes Real Estate, LLC

Phone: 781-944-9500

Team Members

Name: Adelia Del Trecco

Phone: 781-775-3547

Name: Joseph Viselli

Phone: 781-835-5408

Payment Calculator

, Interest

Property Taxes 733.5

Principal & Interest 6315.11

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Prestige Homes Real Estate, LLC

Prestige Homes Realty Team

Agent Phone

Office Phone

(781) 944-9500

Text Agent Call Agent Call Office

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                )

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                )

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                )

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                )

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                )

[28] => Array
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                    [index] => 29
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                )

[29] => Array
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                    [index] => 30
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                )

[30] => Array
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                )

[31] => Array
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                    [modified] => 2024-05-07 05:46:17
                )

[32] => Array
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                    [modified] => 2024-05-07 05:46:17
                )

[33] => Array
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                )

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                    [modified] => 2024-05-07 05:46:17
                )

[35] => Array
                (
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                    [modified] => 2024-05-07 05:46:17
                )

[36] => Array
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                    [modified] => 2024-05-07 05:46:17
                )

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                    [modified] => 2024-05-07 05:46:17
                )

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                    [modified] => 2024-05-07 05:46:17
                )

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                    [modified] => 2024-05-07 05:46:17
                )

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                    [modified] => 2024-05-07 05:46:17
                )

[41] => Array
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                    [index] => 42
                    [enabled] => 1
                    [created] => 2024-05-07 05:46:17
                    [modified] => 2024-05-07 05:46:17
                )

)

)

EXIT