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31 Conwell Ave, Somerville MA 02144

$995,000

Estimated $2,505.72/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $497,500

Total Rent: 0/year

Estimated CAP Rate: -1.08%

5 Bedrooms

2 Full Baths

2,126 SqFt

Total Parking: 9 (3 Garage)

5,000 SqFt

Investors take notice! This 2-family property has enjoyed steady rent for years given its close proximity to Tufts University, Teele Square and Davis Square. The first floor unit has a large bedroom with separate living room and dining room including a fireplace. The 2-level upper floor unit enjoys four bedrooms, a large living room, a common deck off of the kitchen and a private roof deck off of one of the upper bedrooms. A paved driveway leads to a 3 car garage with ample surface parking spaces as well as a nice back yard area. Common laundry and storage in the basement. Easy commuting access to both Red Line and Green Line T stations. Alewife Brook Parkway gets you to Rt 2, I93 & I95. Both Whole Foods and Stop & Shop nearby.

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 12:26pm (Source: MLS PIN #73137105)

Gross Income: $0

Gross Expenses: $10,708

Net Income Calc: $10,708

CAP Rate: -1.08%

Annual Expenses for 31 Conwell Ave, Somerville MA 02144

Total Gross Expenses (Calculated)$10,708/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,708

Annual Income & Unit Breakdown for 31 Conwell Ave, Somerville MA 02144

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 31 Conwell Ave, Somerville MA 02144

Listing ID73137105

Property TypeMulti Family

Price$995,000 ($468.02/SqFt)

StyleMulti Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,126 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking9 (3 Garage)

Garage Parking3 / Detached

Year Built1910

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,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 31 Conwell 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$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 31 Conwell Ave, Somerville MA 02144

Real Estate Taxes$10,708

Tax Year2023

Assessed Value$1,035,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.08%

Location Information for 31 Conwell Ave, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Park, Public Transportation, T-station, Private School, University

Contact Information for 31 Conwell Ave, Somerville MA 02144

Agent

Name: Jeffrey Stephens

Office

Name: Compass

Phone: 617-303-0067

Payment Calculator

, Interest

Property Taxes 892.33

Principal & Interest 6130.87

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Jeffrey Stephens

Agent Phone

Office Phone

(617) 303-0067

Text Agent Call Agent Call Office

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                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73137105&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 12:26:11
                    [modified] => 2024-05-07 12:26:11
                )

[22] => Array
                (
                    [id] => 7900182
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73137105&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 12:26:11
                    [modified] => 2024-05-07 12:26:11
                )

)

)

EXIT