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30 Otis St, Somerville MA 02145

$1,400,000

Estimated $3,227.17/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $466,666.67

Total Rent: 91800/year

Estimated CAP Rate: 5.74%

8 Bedrooms

3 Full Baths

3,479 SqFt

Total Parking: 4

3,500 SqFt

WALK TO THE NEW Gilman Square Green Line Extension, Assembly Square, Davis Square, Sullivan Square Train station, multiple bus lines, and shopping. This is a rare opportunity to own this Commuter's/Rental's Dream.Outstanding spacious, 3-family, 8-bedroom, 3-bathroom home has over 3400 sq. ft. of living space with separate utilities, thermos windows, lots of closets, and a huge walk-out basement for extra storage and 4 parking areas in the rear. Enjoy all the festivities this amazing city has to offer.

This home has been viewed 26 times

Last Checked: May 7th, 2024 at 6:06am (Source: MLS PIN #73104033)

Gross Income: $91,800

Gross Expenses: $11,485

Net Income Calc: $80,315

CAP Rate: 5.74%

Annual Expenses for 30 Otis St, Somerville MA 02145

Total Gross Expenses (Calculated)$11,485/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,485

Annual Income & Unit Breakdown for 30 Otis St, Somerville MA 02145

Total Gross Income (Calculated)$91,800

Unit 1

Rental Income$2,400

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none), Unit 3(none)

Unit 2

Rental Income$2,475

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none), Unit 3(none)

Unit 3

Rental Income$2,775

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none), Unit 3(none)

General Information for 30 Otis St, Somerville MA 02145

Listing ID73104033

Property TypeMulti Family / 3 Family

Price$1,400,000 ($402.41/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,479 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking4

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 30 Otis St, 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$0

Total Gross Income By Broker$91,800

Total Net Income By Broker$91,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%%

Facilitator Compensation1%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 30 Otis St, Somerville MA 02145

Real Estate Taxes$11,485

Tax Year2023

Assessed Value$1,110,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$91,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$91,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.74%

Location Information for 30 Otis St, Somerville MA 02145

Elementary SchoolEast Smvl Comm

Middle SchoolEast Smvl Comm

High SchoolSomerville

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, University, Other

Contact Information for 30 Otis St, Somerville MA 02145

Agent

Name: Souzan Davood

Office

Name: Coldwell Banker Realty - Newton

Phone: 617-969-2447

Payment Calculator

, Interest

Property Taxes 957.08

Principal & Interest 8626.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Newton

Souzan Davood

Agent Phone

Office Phone

(617) 969-2447

Text Agent Call Agent Call Office

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            [name] => Coldwell Banker Realty - Newton
            [phone] => 617-969-2447
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[owner_occupancy_source] => 
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[pasture_area] => None
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        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
    [pet_policy] => Array
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            [1] => Unit 2(none)
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
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[roof_material] => Array
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[sewer_expense] => Array
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[short_sale] => 
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[state] => Massachusetts
    [state_code] => MA
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[style] => Array
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    [team] => Array
        (
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[terms] => Array
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[timber_acres] => None
    [title_5] => 
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    [total_gross_income] => 91800
    [total_parking] => 4
    [trash_expense] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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[water_views_features] => Array
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    [waterfront_features] => Array
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[year_built] => 1900
    [year_built_details] => Actual,Renovated Since
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    [zoning] => RB
    [zoning_details] => 
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EXIT

Closed

30 Otis St, Somerville MA 02145

$1,400,000

Annual Expenses for 30 Otis St, Somerville MA 02145

Annual Income & Unit Breakdown for 30 Otis St, Somerville MA 02145

General Information for 30 Otis St, Somerville MA 02145

Disclosures for 30 Otis St, Somerville MA 02145

Financial Information for 30 Otis St, Somerville MA 02145

Location Information for 30 Otis St, Somerville MA 02145

Contact Information for 30 Otis St, Somerville MA 02145

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Newton

Souzan Davood