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112-114 Woodstock St, Somerville MA 02144

$2,500,000

Estimated $6,358.49/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $416,666.67

Total Rent: 65400/year

Estimated CAP Rate: 0.29%

16 Bedrooms

6 Full Baths

6,744 SqFt

Total Parking: 0

4,101 SqFt

Over $181,000 in gross rents with projections over $200,000! HIGHLY DESIRABLE SOMERVILLE LOCATION! Rare large six family property near where Cambridge, Somerville, Arlington and Medford meet. This professionally managed building consists of (2) 2 bedroom units and (4) 3 bedroom units with strong rental history fully tenanted with leases. The units and rooms are large. Utilities are separated by unit and tenants pay their own heat and electricity Owner provides coin operated laundry in basement. There is plenty of on street permit parking and you are close to the shops and restaurants and public transportation on Broadway in Somerville or on Mass Ave in Cambridge. Also close proximity to Tufts University, Harvard University and MIT.

This home has been viewed 173 times

Last Checked: October 16th, 2024 at 4:19am (Source: MLS PIN #73257293)

Gross Income: $65,400

Gross Expenses: $58,157

Net Income Calc: $7,243

CAP Rate: 0.29%

Annual Expenses for 112-114 Woodstock St, Somerville MA 02144

Total Gross Expenses (Calculated)$58,157/year

APOD AvailableYes

Heating

Electricity$1,000

Water$7,500

Gas$7,500

Insurance$7,000

Sewer$7,500

Trash Removal

Repair & Maintenance$14,000

Management

Miscellaneous$1,000

Real Estate Tax$27,657

Annual Income & Unit Breakdown for 112-114 Woodstock St, Somerville MA 02144

Total Gross Income (Calculated)$65,400

Unit 1

Rental Income$2,750

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$2,700

LeaseY

Bedrooms3

Bathrooms1 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 112-114 Woodstock St, Somerville MA 02144

Listing ID73257293

Property TypeMulti Family / 5+ Family

Price$2,500,000 ($370.7/SqFt)

Style5-9 Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total6,744 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 112-114 Woodstock St, Somerville MA 02144

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureFloor plan consultant measured closer to 6500 sf.

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOther (see Remarks)

Total Gross Expenses By Broker$58,157

Total Gross Income By Broker$181,200

Total Net Income By Broker$123,043

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 112-114 Woodstock St, Somerville MA 02144

Real Estate Taxes$27,657

Tax Year2024

Assessed Value$2,629,000

Financial Data SourceOther (see Remarks)

Total Gross Expenses By Broker$58,157

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$181,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$123,043

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.29%

Location Information for 112-114 Woodstock St, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Public Transportation, T-station, Private School, University

Contact Information for 112-114 Woodstock St, Somerville MA 02144

Agent

Name: Lori Orchanian

Office

Name: Coldwell Banker Realty - Belmont

Phone: 617-484-5300

Payment Calculator

, Interest

Property Taxes 2304.75

Principal & Interest 15404.2

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Belmont

Lori Orchanian

Agent Phone

Office Phone

(617) 484-5300

Text Agent Call Agent Call Office

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[perc_test] => Array
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EXIT

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112-114 Woodstock St, Somerville MA 02144

$2,500,000

Annual Expenses for 112-114 Woodstock St, Somerville MA 02144

Annual Income & Unit Breakdown for 112-114 Woodstock St, Somerville MA 02144

General Information for 112-114 Woodstock St, Somerville MA 02144

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Financial Information for 112-114 Woodstock St, Somerville MA 02144

Location Information for 112-114 Woodstock St, Somerville MA 02144

Contact Information for 112-114 Woodstock St, Somerville MA 02144

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Coldwell Banker Realty - Belmont

Lori Orchanian