250-256 Somerville Ave Somerville, MA 02143
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). The current leasing season is supporting projected gross rents of approximately $580,000. Historical operating expenses of about $65,000. Projected NOI from operations of $515,000! Projected gross rents based on units renting at $3,950 and 4 parking spaces at $300. Private showings for qualified buyers only.
| 2 hours ago | Listing updated with changes from the MLS® | |
| 4 days ago | Status changed to Active | |
| 4 days ago | Price changed to $8,400,000 | |
| 5 days ago | Status changed to Pending | |
| 3 weeks ago | Status changed to Active Under Contract | |
| See 1 more | ||
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Data Last Updated at 2024-05-16 09:35 PM UTC
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