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Closed

202 Washington St, Somerville MA 02143

$1,795,000

Estimated $4,297.33/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $448,750

Total Rent: 112800/year

Estimated CAP Rate: 5.36%

6 Bedrooms

4 Full Baths

4,233 SqFt

Total Parking: 2

2,613 SqFt

Nestled in the heart of Union Square lies a Stately 4-family property spanning a spacious 4233 square feet. Comprising of 2-1-bedroom units and 2-2-bedroom. This property features a garage with two spaces, a driveway and is fully leased. Owned by the same family for over 35 years, this property is an excellent investment opportunity for investors and developers alike. The ongoing redevelopment in Union Square, including new construction and infrastructure improvements, is increasing demand for properties in the area. Plus, its proximity to public transportation (including the recently opened New Green Line T) and the vibrant cultural scene makes this property an attractive option for all types of buyers. Located close to Assembly Square and more, this is the perfect opportunity to be a part of the exciting developments in Union Square!

This home has been viewed 38 times

Last Checked: May 7th, 2024 at 5:51am (Source: MLS PIN #73087497)

Gross Income: $112,800

Gross Expenses: $16,641

Net Income Calc: $96,159

CAP Rate: 5.36%

Annual Expenses for 202 Washington St, Somerville MA 02143

Total Gross Expenses (Calculated)$16,641/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$16,641

Annual Income & Unit Breakdown for 202 Washington St, Somerville MA 02143

Total Gross Income (Calculated)$112,800

Unit 1

Rental Income$2,200

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,000

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$2,500

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$2,700

LeaseY

Bedrooms2

Bathrooms2 Full, 1 Half

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 202 Washington St, Somerville MA 02143

Listing ID73087497

Property TypeMulti Family / 4 Family

Price$1,795,000 ($424.05/SqFt)

Style4 Family - 4 Units Up/down

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,233 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking2

Garage Parking2 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningUR

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 202 Washington St, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$112,800

Total Net Income By Broker$112,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 202 Washington St, Somerville MA 02143

Real Estate Taxes$16,641

Tax Year2022

Assessed Value$1,634,700

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$112,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$112,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.36%

Location Information for 202 Washington St, Somerville MA 02143

Elementary SchoolArgenziano

Middle SchoolArgenziano

High SchoolSomerville High

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 202 Washington St, Somerville MA 02143

Agent

Name: Jack Lister

Office

Name: Berkshire Hathaway HomeServices Verani Realty

Phone: 978-475-4411

Team Members

Name: Joanne Van Stry

Phone: 781-507-1954

Payment Calculator

, Interest

Property Taxes 1386.75

Principal & Interest 11060.22

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Verani Realty

Jack Lister

Agent Phone

Office Phone

(978) 475-4411

Text Agent Call Agent Call Office

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EXIT

Closed

202 Washington St, Somerville MA 02143

$1,795,000

Annual Expenses for 202 Washington St, Somerville MA 02143

Annual Income & Unit Breakdown for 202 Washington St, Somerville MA 02143

General Information for 202 Washington St, Somerville MA 02143

Disclosures for 202 Washington St, Somerville MA 02143

Financial Information for 202 Washington St, Somerville MA 02143

Location Information for 202 Washington St, Somerville MA 02143

Contact Information for 202 Washington St, Somerville MA 02143

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Berkshire Hathaway HomeServices Verani Realty

Jack Lister