Presenting The Mount Vernon Collection (54-60 and 80-82 Mount Vernon Street), a 23-unit, project-based Section 8, apartment portfolio located in Somerville, Massachusetts. The portfolio is comprised of two (2) beautiful brick buildings, 54-60 and 80-82 Mount Vernon Street. S...
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Last Checked: April 5th, 2025 at 8:33am (Source: MLS PIN #73343255)
Gross Income: $239,976
Gross Expenses: $9
Net Income Calc: $239,967
CAP Rate: 2.53%
Annual Expenses for 54-82 Mount Vernon Street, Somerville MA 02145
Total Gross Expenses (Calculated)$9/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9
Annual Income & Unit Breakdown for 54-82 Mount Vernon Street, Somerville MA 02145
Total Gross Income (Calculated)$239,976
Unit 1
Rental Income$9,999
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$9,999
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 54-82 Mount Vernon Street, Somerville MA 02145
Listing ID73343255
Property TypeMulti Family
Price$9,500,000 ($663.04/SqFt)
Style5+ Family - 5+ Units Up/down
CitySomerville
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total14,328 SqFt
Approximate Lot Size (Acres)0.3 acres
Total Parking0
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsBrick
Lot FeaturesOther
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
Zoning99
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 54-82 Mount Vernon Street, Somerville MA 02145
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
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%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 54-82 Mount Vernon Street, Somerville MA 02145
Real Estate Taxes$9
Tax Year2024
Assessed Value$99
Financial Data Source
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)2.53%
Location Information for 54-82 Mount Vernon Street, Somerville MA 02145
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 54-82 Mount Vernon Street, Somerville MA 02145