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453 Somerville Ave, Somerville MA 02143

$1,750,000

Estimated $3,761.54/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $437,500

Total Rent: 23976/year

Estimated CAP Rate: 0.74%

99 Bedrooms

99 Full, 99 Half Baths

9,999 SqFt

Total Parking: 99

4,912 SqFt

Prime Development Opportunity! Lot for Sale: Just Under 5,000 Sq Ft. Attention Developers! This exceptional lot offers a rare chance to create a dynamic mixed-use development in a highly sought-after location. Zoned for commercial use and already approved for 3 residential units and 1 commercial unit, this property presents a myriad of possibilities. Zoned for commercial use with residential unit approval. Direct elevator access for convenience and accessibility. Spacious 2194-2565 Sq Ft units designed for modern living. Ideal location within walking distance to Union Square. Abundance of nearby amenities including restaurants, bars, and shopping. Across from Greentown Labs, Extra Space Storage, and Market Basket. Easy access to Conway Field and hockey rink for recreational activities. Harvard, MIT and Tufts University all nearby. Don't miss out on this incredible opportunity to create a vibrant and profitable development in one of the most desirable areas.

This home has been viewed 71 times

Last Checked: October 7th, 2024 at 6:54pm (Source: MLS PIN #73249271)

Gross Income: $23,976

Gross Expenses: $11,087

Net Income Calc: $12,889

CAP Rate: 0.74%

Annual Expenses for 453 Somerville Ave, Somerville MA 02143

Total Gross Expenses (Calculated)$11,087/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,087

Annual Income & Unit Breakdown for 453 Somerville Ave, Somerville MA 02143

Total Gross Income (Calculated)$23,976

Unit 1

Rental Income$999

LeaseN

Bedrooms3

Bathrooms3 Full

Floor3

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$999

LeaseN

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$0

LeaseN

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesNo

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesNo

General Information for 453 Somerville Ave, Somerville MA 02143

Listing ID73249271

Property TypeMulti Family / 4 Family

Price$1,750,000 ($175.02/SqFt)

Style4 Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total9,999 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking99

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesNo

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningBA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 453 Somerville Ave, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$23,976

Total Net Income By Broker$23,976

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%%

Facilitator Compensation2.5%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 453 Somerville Ave, Somerville MA 02143

Real Estate Taxes$11,087

Tax Year2024

Assessed Value$99,999

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$23,976

BostonRealEstate.com Gross Income

Total Net Income By Broker$23,976

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.74%

Location Information for 453 Somerville Ave, Somerville MA 02143

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation

Contact Information for 453 Somerville Ave, Somerville MA 02143

Agent

Name: Adam Kotkin

Office

Name: Red Tree Real Estate

Phone: 617-487-8015

Payment Calculator

, Interest

Property Taxes 923.92

Principal & Interest 10782.94

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Red Tree Real Estate

Adam Kotkin

Agent Phone

Office Phone

(617) 487-8015

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Withdrawn

453 Somerville Ave, Somerville MA 02143

$1,750,000

Annual Expenses for 453 Somerville Ave, Somerville MA 02143

Annual Income & Unit Breakdown for 453 Somerville Ave, Somerville MA 02143

General Information for 453 Somerville Ave, Somerville MA 02143

Disclosures for 453 Somerville Ave, Somerville MA 02143

Financial Information for 453 Somerville Ave, Somerville MA 02143

Location Information for 453 Somerville Ave, Somerville MA 02143

Contact Information for 453 Somerville Ave, Somerville MA 02143

Agent

Office

Payment Calculator

Exclusive Listing Agent

Red Tree Real Estate

Adam Kotkin