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Listing 2 out of 204
$3,200,000 Under Agreement

1153-1155 Broadway
Somerville, MA 02144

5 units | Multi Family Home
3920 sq ft - MLS# 72440232
Property Photo
1/7

Description

RARE...RARE...RARE OPPORTUNITY! Only HALF A MILE TO DAVIS SQ. Exceptional BRICK 5 UNIT RESIDENTIAL BUILDING with DOUBLE RETAIL STOREFRONT SPACE. Fantastic opportunity for future growth and appreciation with the new proposed GREEN LINE STOP less than a mile away and TUFTS just over a quarter from the property. Future expansion of Teele Sq may also include a proposed hotel across the street which has been met with positive feedback. TOTAL CURRENT GROSS MONTHLY INCOME IS $15, 150(Projected $16, 900) / GROSS ANNUAL INCOME $181, 800 (Projected $202, 800)...Only two of the rental units have leases, the other three are Tenants At Will. Overall condition of the building is very good to excellent. Rated a Very Walkable Walk Score of 89! Current Zoning is NB (Neighborhood Business). New proposed zoning to be confirmed in 2019 will be MR4 which will allow for limited expansion.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Under Agreement
  • County/Area: MA-Middlesex County
  • Zip Code: 02144
  • Year Built: 1910
  • Sq.Ft.: 6,920 sq ft
  • Total Rooms: 15
  • Units: 5 units
  • Bedrooms: 8
  • Full Baths: 7
  • Basement: Yes
  • Lot Size: 3920 sq ft
  • Baths: 7
  • Multi Family Type: 5+ Family - 5+ Units Side by Side
  • SKIP: Public Transportation, Shopping, Park, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
  • Selling Agent: Stephen Bremis
  • Selling Office: Stephen J. Bremis
  • Year Built Descrip: Approximate
Courtesy of Stephen J. Bremis, The Steve Bremis Team



Cheryl Petitpas | 781-572-2444 | Email Me
1294 Broadway - Saugus, MA 01906
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