This corner lot three-family home is steps from Ball Squares' new Green Line Station. Taking the bike path at the corner of the street will get you to Davis Square in just a few minutes—an excellent opportunity for owner-occupants and investors. The First-floor unit was owner-occupied for over 40 years, the second-floor lease ends 6/31, and the third-floor ends 5/31. Can be delivered vacant. This location is in the coveted Powder House neighborhood, Tufts University, and Magoun Square. The roof and siding were updated in 2013.
This home has been viewed 24 times
Last Checked: May 7th, 2024 at 9:06am (Source: MLS PIN #73099870)
Gross Income: $57,600
Gross Expenses: $14,375
Net Income Calc: $43,225
CAP Rate: 2.70%
Annual Expenses for 55 Prichard Ave, Somerville MA 02144
Total Gross Expenses (Calculated)$14,375/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$14,375
Annual Income & Unit Breakdown for 55 Prichard Ave, Somerville MA 02144
Total Gross Income (Calculated)$57,600
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,400
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$2,400
LeaseY
Bedrooms3
Bathrooms1 Full
Floor
Levels in Unit1
HeatingNo
Rent Includes
General Information for 55 Prichard Ave, Somerville MA 02144
Listing ID73099870
Property TypeMulti Family / 3 Family
Price$1,599,000 ($448.65/SqFt)
Style3 Family
CitySomerville
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total3,564 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking2
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningRA
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 55 Prichard 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$57,600
Total Net Income By Broker$57,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5
Facilitator Compensation2
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 55 Prichard Ave, Somerville MA 02144
Real Estate Taxes$14,375
Tax Year2023
Assessed Value$1,390,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$57,600
BostonRealEstate.com Gross Income
Total Net Income By Broker$57,600
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.70%
Location Information for 55 Prichard Ave, Somerville MA 02144
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 55 Prichard Ave, Somerville MA 02144