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Canceled

148-150-18 Pearl St, Somerville MA 02145

$1,897,700

Estimated $3,977.36/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $474,425

Total Rent: 0/year

Estimated CAP Rate: -0.57%

9 Bedrooms

4 Full Baths

3,115 SqFt

Total Parking: 8 (2 Garage)

4,550 SqFt

A very unique investment opportunity in the heart of Somerville! 4 units Entrance trough Pearl and Flint St /Estimate 7-8 % cap rate with market value rentals approx $150,000.00 per year.This mixed-use property on Pearl Street and 18 Flint Ave boasts 3 spacious residential units and 1 commercial unit, offering diverse income streams. Located in an up-and-coming area, it’s perfect for investors looking to capitalize on the potential for both fix-and-flip and long-term strategy. Situated on bustling Pearl Street in Somerville, the property is surrounded by new developments, trendy shops, and eateries, enhancing its appeal. Whether you're looking to renovate and sell for a profit or hold for consistent rental income, this property offers flexible investment opportunities. Don't miss out on this rare find in a rapidly developing area. Secure your foothold in Somerville's thriving real estate market today! DELIVER VACANT

This home has been viewed 36 times

Last Checked: November 12th, 2024 at 5:19am (Source: MLS PIN #73270853)

Gross Income: $0

Gross Expenses: $10,803

Net Income Calc: $10,803

CAP Rate: -0.57%

Annual Expenses for 148-150-18 Pearl St, Somerville MA 02145

Total Gross Expenses (Calculated)$10,803/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,803

Annual Income & Unit Breakdown for 148-150-18 Pearl St, Somerville MA 02145

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesNo

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesNo

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesNo

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms1 Full

Floor

Levels in Unit

HeatingYes

Rent IncludesNo

General Information for 148-150-18 Pearl St, Somerville MA 02145

Listing ID73270853

Property TypeMulti Family / 4 Family

Price$1,897,700 ($609.21/SqFt)

Style4 Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,115 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking8 (2 Garage)

Garage Parking2 / Detached

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesNo

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 148-150-18 Pearl St, Somerville MA 02145

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureSq Ft is always considered approximate.

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$90,000

Total Net Income By Broker$90,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation2%

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 148-150-18 Pearl St, Somerville MA 02145

Real Estate Taxes$10,803

Tax Year2024

Assessed Value$1,026,900

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$90,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$90,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.57%

Location Information for 148-150-18 Pearl St, Somerville MA 02145

Elementary SchoolKesher

Middle School

High SchoolHigh Somerville

Neighborhood(s)

MLS Area

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

Contact Information for 148-150-18 Pearl St, Somerville MA 02145

Agent

Name: Viviane Alvarenga

Office

Name: Century 21 North East

Phone: 978-774-2770

Payment Calculator

, Interest

Property Taxes 900.25

Principal & Interest 11693.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Viviane Alvarenga

Agent Phone

Office Phone

(978) 774-2770

Text Agent Call Agent Call Office

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EXIT

Canceled

148-150-18 Pearl St, Somerville MA 02145

$1,897,700

Annual Expenses for 148-150-18 Pearl St, Somerville MA 02145

Annual Income & Unit Breakdown for 148-150-18 Pearl St, Somerville MA 02145

General Information for 148-150-18 Pearl St, Somerville MA 02145

Disclosures for 148-150-18 Pearl St, Somerville MA 02145

Financial Information for 148-150-18 Pearl St, Somerville MA 02145

Location Information for 148-150-18 Pearl St, Somerville MA 02145

Contact Information for 148-150-18 Pearl St, Somerville MA 02145

Agent

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Exclusive Listing Agent

Century 21 North East

Viviane Alvarenga