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 bedr...
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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