Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Closed

24 Spencer Ave, Somerville MA 02144

$1,324,000

Estimated $3,343/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $662,000

Total Rent: 48000/year

Estimated CAP Rate:

6 Bedrooms

Baths

3308

Total Parking: 5

3,437 (0.08)

Don’t miss this lucrative opportunity for investors looking to convert Philly style 2 family into condos, rental investment or owner occupied with rents paying most of mortgage! Minutes to Davis & Porter Squares Red Line & Magoun Square Green Line MBTA stations. Highly desirable, large 3,308 sqft space, 6 beds, 2 baths on quiet, tree lined street. Unit 1 w/ 5 rooms, 2 beds, 1 bath. Unit 2 w/ 7 rooms, 4 beds, 1 bath. Both units feature spacious living rooms, dining rooms, kitchens w/ gas stoves, dishwashers & laundry in units. Large bedrooms w/ walk-in closets. High ceilings, hardwood floors, dentil molding & extensive storage in large closets. Private decks & fenced back yard. Shared walk out basement. Separate heating & electrical. Newer roof, gas furnace 2nd flr, hot water heaters, insulation & many appliances. Care free vinyl siding. Tenants pay $4K/ TAW. Easy commute to Tufts Univ & Boston. Walk to restaurants, parks, walking/biking path. Off street parking 5 cars

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 7:56am (Source: MLS PIN #73096604)

Gross Income: $48,000

Gross Expenses: $14,350

Net Income Calc: $33,650

Water Views

Annual Expenses for 24 Spencer Ave, Somerville MA 02144

Total Gross Expenses (Calculated)$14,350/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14350

Annual Income & Unit Breakdown for 24 Spencer Ave, Somerville MA 02144

Total Gross Income (Calculated)$48,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 24 Spencer Ave, Somerville MA 02144

Listing ID73096604

Property TypeMulti Family / 2 Family

Price1324000 ($400.24/SqFt)

Style2 Family - 2 Units Up/down

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3308

Approximate Lot Size (Acres)0.08

Total Parking5

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRA

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 24 Spencer Ave, Somerville MA 02144

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher And Dryer Excluded. Curtain Rods In Primary Belong To Stager.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Compensation Based OnNet Sale Price

Financial Information for 24 Spencer Ave, Somerville MA 02144

Real Estate Taxes14350

Tax Year2023

Assessed Value$1,387,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 24 Spencer Ave, Somerville MA 02144

Elementary SchoolKennedy

Middle SchoolKennedy

High SchoolSomerville High

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 24 Spencer Ave, Somerville MA 02144

Agent

Name: The Synergy Group

Office

Name: The Synergy Group

Phone: 888-410-5454

Payment Calculator

, Interest

Property Taxes 1195.83

Principal & Interest 8158.07

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The Synergy Group

Agent Phone

Office Phone

(888) 410-5454

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.08 acres (3,437 SqFt)
    [add_date] => 2024-05-07 07:56:00
    [address] => Spencer Ave
    [agent] => Array
        (
            [address] => 
            [city] => 
            [id] => TM321745
            [name] => The Synergy Group
            [national_association] => 
            [office] => AN7316
            [state] => 
            [zip] => 
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
            [0] => Range
        )

[approx_living_area_total] => 3308
    [approx_lot_size_acres] => 0.08
    [approx_lot_size_sqft] => 3437
    [assessed_value] => $1,387,800
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
            [0] => Full
        )

[bathrooms] => 
    [bedrooms] => 6
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.5
    [buyer_agent_id] => TM310284
    [buyer_office_id] => AN2383
    [c_style] => Array
        (
            [0] => 2 Family
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Somerville
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Middlesex
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Don’t miss this lucrative opportunity for investors looking to convert Philly style 2 family into condos, rental investment or owner occupied with rents paying most of mortgage! Minutes to Davis & Porter Squares Red Line & Magoun Square Green Line MBTA stations. Highly desirable, large 3,308 sqft space, 6 beds, 2 baths on quiet, tree lined street. Unit 1 w/ 5 rooms, 2 beds, 1 bath. Unit 2 w/ 7 rooms, 4 beds, 1 bath. Both units feature spacious living rooms, dining rooms, kitchens w/ gas stoves, dishwashers & laundry in units. Large bedrooms w/ walk-in closets. High ceilings, hardwood floors, dentil molding & extensive storage in large closets. Private decks & fenced back yard. Shared walk out basement. Separate heating & electrical. Newer roof, gas furnace 2nd flr, hot water heaters, insulation & many appliances. Care free vinyl siding. Tenants pay $4K/ TAW. Easy commute to Tufts Univ & Boston. Walk to restaurants, parks, walking/biking path. Off street parking 5 cars
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

[elementary_school] => Kennedy
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Washer And Dryer Excluded. Curtain Rods In Primary Belong To Stager.
        )

[exterior_features] => Array
        (
            [0] => Porch
        )

[facilitator_compensation] => 2.5
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
            [0] => Tile
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => Somerville High
    [horse_features] => Array
        (
        )

[horse_permitted] => 
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
            [0] => French Doors
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 07:56:00
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => Kennedy
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73096604
    [neighborhoods] => 
    [net_income_calc] => 33650
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 2
    [office] => Array
        (
            [id] => AN7316
            [name] => The Synergy Group
            [phone] => 888-410-5454
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 1324000
    [price_per_sqft] => 400.24
    [price_per_unit] => 662000
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 2 Family - 2 Units Up/down
        )

[real_estate_tax] => 14350
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 12
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Closed
        )

[street_number] => 24
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2023
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 14350
    [total_gross_income] => 48000
    [total_parking] => 5
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 2
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 2
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 4
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 2
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 
    [unit_3_bedrooms] => 
    [unit_3_floor] => 
    [unit_3_lease] => Array
        (
        )

[unit_3_levels] => 
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 24 Spencer Ave, Somerville MA 02144
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => No
        )

[water_views_features] => Array
        (
        )

[waterfront] => 
    [waterfront_features] => Array
        (
        )

[raw] => 
)

EXIT

31 More Photos

Closed

24 Spencer Ave, Somerville MA 02144

$1,324,000

Annual Expenses for 24 Spencer Ave, Somerville MA 02144

Annual Income & Unit Breakdown for 24 Spencer Ave, Somerville MA 02144

General Information for 24 Spencer Ave, Somerville MA 02144

Disclosures for 24 Spencer Ave, Somerville MA 02144

Financial Information for 24 Spencer Ave, Somerville MA 02144

Location Information for 24 Spencer Ave, Somerville MA 02144

Contact Information for 24 Spencer Ave, Somerville MA 02144

Agent

Office

Payment Calculator

Exclusive Listing Agent

The Synergy Group

The Synergy Group