Overview Property Details Payment Calculator Walkability

Withdrawn

1006 Broadway, Somerville MA 02144

$3,995,000

Estimated $7,940.87/month Calculator

Multi Family

Total Units: 12

Price Per Unit: $332,916.67

Total Rent: 0/year

Estimated CAP Rate: -0.44%

24 Bedrooms

22 Full, 2 Half Baths

14,854 SqFt

Total Parking: 8

9,315 SqFt

12-unit boutique condo project in close proximity to Davis Square adjacent to Tufts University. The by-right project features four (4) Semi-Detached structures each containing three (3) units. Projects GFA total 15,691 SqFt and 8 off-street parking spaces. The Seller has o...

This home has been viewed 104 times

Last Checked: October 7th, 2024 at 4:24pm (Source: MLS PIN #73250108)

Gross Income: $0

Gross Expenses: $17,556

Net Income Calc: $17,556

CAP Rate: -0.44%

Annual Expenses for 1006 Broadway, Somerville MA 02144

Total Gross Expenses (Calculated)$17,556/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$17,556

Annual Income & Unit Breakdown for 1006 Broadway, Somerville MA 02144

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms3 Full

Floor1

Levels in Unit2

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$0

Lease

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 1006 Broadway, Somerville MA 02144

Listing ID73250108

Property TypeMulti Family

Price$3,995,000 ($268.95/SqFt)

Style5+ Family - 5+ Units Side By Side

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total14,854 SqFt

Approximate Lot Size (Acres)0.21 acres

Total Parking8

Garage Parking

Year Built2025

Year Built SourceBuilder

Year Renovated

Year Built DetailsTo Be Built

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningNR

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 1006 Broadway, Somerville MA 02144

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure1st floor is elevated 5 Feet above grade so Below

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data SourceNo

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 Compensation1.75

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 1006 Broadway, Somerville MA 02144

Real Estate Taxes$17,556

Tax Year2024

Assessed Value$1,668,800

Financial Data SourceNo

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)-0.44%

Location Information for 1006 Broadway, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Bike Path, Public Transportation, T-station, Private School, University

Contact Information for 1006 Broadway, Somerville MA 02144

Agent

Name: Ryan Taylor

MLS ID: CN218241

Office ID: AN5321

Address: 876 Shirley Street

City: Winthrop

State: MA

Zip: 02152

Office

Name: Fortune RE

MLS Office ID: AN5321

Phone: 617-874-1000

Team Members

Name: Justin Pepple

MLS ID: CN205029

Office ID: AN5321

Phone: 781-307-7752

City: Malden

State: MA

Payment Calculator

$26,078.92 per month

30 Years Fixed, 6.75% Interest

Property Taxes $1,463.00

Principal & Interest $24,615.92

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Fortune RE

Ryan Taylor

Agent Phone

Office Phone

(617) 874-1000

Text Agent Call Agent Call Office

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    [description] => 12-unit boutique condo project in close proximity to Davis Square adjacent to Tufts University. The by-right project features four (4) Semi-Detached structures each containing three (3) units.  Projects GFA total 15,691 SqFt and 8 off-street parking spaces.  The Seller has obtained conditional lot split approval to be recorded upon demolition of the existing structure.  Historical requirements have been satisfied. No affordable units are required per zoning. No discretionary permit or site plan approval is required. Buyer will proceed directly to ISD for demolition and building permits.  Projected sell-out $13.28MM.  Please inquire for full offering.
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    [handicap_access] => No
    [heating] => No
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            [1] => Corner Lot
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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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[water_expense] => Array
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    [year_built_details] => To Be Built
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    [zoning] => NR
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EXIT

Withdrawn

1006 Broadway, Somerville MA 02144

$3,995,000

Annual Expenses for 1006 Broadway, Somerville MA 02144

Annual Income & Unit Breakdown for 1006 Broadway, Somerville MA 02144

General Information for 1006 Broadway, Somerville MA 02144

Disclosures for 1006 Broadway, Somerville MA 02144

Financial Information for 1006 Broadway, Somerville MA 02144

Location Information for 1006 Broadway, Somerville MA 02144

Contact Information for 1006 Broadway, Somerville MA 02144

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Fortune RE

Ryan Taylor