250 SOMERVILLE AVE APT 256
SOMERVILLE, MA 02143
$8,400,000
24 Beds
12 Baths
13,543 Sq Ft
Status Active
MLS# 73222468
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.
Details for 250 SOMERVILLE AVE APT 256
Built in 1910
$620 / Sq Ft
12 parking spaces
71 Days on website
0.28 acres lot
Area Information for 250 SOMERVILLE AVE APT 256
