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Canceled

19 George Street, Somerville MA 02145

$2,250,000

Estimated $4,541/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $750,000

Total Rent: 180000/year

Estimated CAP Rate:

12 Bedrooms

Baths

3540

Total Parking: 0

1,316 (0.03)

Brand New Generational Multi Family asset on beautiful tree lined street bursting with Somerville Charm. This large 3 family has been gut renovated and rebuilt with high end condo quality finishes. Step right in and Generate enormous cashflow. . Already Boasting 12 bedrooms and 6 full bathrooms, there still room for future expansion by way of unfinished 1200 sq ft basement. A painstaking 2023/2024 complete renovation allows the new owner to walk into an hands free Asset Ready for healthy cashflow. Rare opportunity in an incredible Market with amazing stability and growth. Walking distance to dozens of cafe's restaurants and shops, as well as both the Orange & Green Line. Tenant's will enjoy central air, laundry in unit, and condo quality finishes allowing the homes to fetch top dollar rent. With apartments in the area renting at record prices, this presents the perfect opportunity to step right into positive cashflow in a premier investment market poised for appreciation

This home has been viewed 27 times

Last Checked: May 31st, 2024 at 4:18am (Source: MLS PIN #73234182)

Gross Income: $180,000

Gross Expenses: $10,710

Net Income Calc: $169,290

Annual Expenses for 19 George Street, Somerville MA 02145

Total Gross Expenses (Calculated)$10,710/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10710

Annual Income & Unit Breakdown for 19 George Street, Somerville MA 02145

Total Gross Income (Calculated)$180,000

Unit 1

Rental Income$0

LeaseY

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms4

Bathrooms2 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 19 George Street, Somerville MA 02145

Listing ID73234182

Property TypeMulti Family / 3 Family

Price2250000 ($635.59/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3540

Approximate Lot Size (Acres)0.03

Total Parking0

Garage Parking0

Year Built2023

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 19 George Street, Somerville MA 02145

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSee Disclosures

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 Compensation1

Sub-Agent Compensation1

Compensation Based OnGross/full Sale Price

Financial Information for 19 George Street, Somerville MA 02145

Real Estate Taxes10710

Tax Year2023

Assessed Value$1,035,800

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 19 George Street, Somerville MA 02145

Neighborhood(s)

Area Amenities

Contact Information for 19 George Street, Somerville MA 02145

Agent

Name: Gregory McCarthy

Office

Name: Riverfront REALTORS®

Phone: 508-868-0801

Payment Calculator

, Interest

Property Taxes 892.5

Principal & Interest 13863.78

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Riverfront REALTORS®

Gregory McCarthy

Agent Phone

Office Phone

(508) 868-0801

Text Agent Call Agent Call Office

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EXIT

17 More Photos

Canceled

19 George Street, Somerville MA 02145

$2,250,000

Annual Expenses for 19 George Street, Somerville MA 02145

Annual Income & Unit Breakdown for 19 George Street, Somerville MA 02145

General Information for 19 George Street, Somerville MA 02145

Disclosures for 19 George Street, Somerville MA 02145

Financial Information for 19 George Street, Somerville MA 02145

Location Information for 19 George Street, Somerville MA 02145

Contact Information for 19 George Street, Somerville MA 02145

Agent

Office

Payment Calculator

Exclusive Listing Agent

Riverfront REALTORS®

Gregory McCarthy