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Home Massachusetts Somerville Multi-Family Homes for Sale

84-86-86R Cross St Somerville, MA 02145
274 Days on Boardwalk PropertiesPrice Reduced $200,000
37
84-86-86R Cross St, Somerville, MA 02145
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$2,779,900
6 Unit
8 Beds
0 Baths
4660 SQFT
0.14 Acre

Property Description

SIX TOTAL UNITS...EXTENSIVELY RENOVATED FOUR FAMILY AND TWO FAMILY PACKAGE IN PRISTINE CONDITION... UNDER HALF MILE TO NEW GREEN LINE AND JUST OVER HALF MILE TO ORANGE LINE. This Two Property Package INCLUDES SIX TOTAL UNITS IN A FOUR FAMILY AND TWO FAMILY ON SAME LOT. Four out of 6 units have been gut renovated to the studs with granite counter kitchens and new appliances. Updated roof, electric, hot water tanks and roof. Gross Monthly Rent is $13,300/ Gross Annual $159,600 (does not include 4 coin op washer & dryers). All unit utilities are separate. RENTS ARE SUBSTANTIALLY UNDER MARKET and rent roll can be increased significantly. Off street parking with TWO DRIVEWAYS. Perfect candidate for future condo conversion given extensive recent renovation to the property or a great 1031 Tax Deferred Exchange candidate. FANTASTIC LOCATION. Rated a Walker's Paradise Walk Score of 90. Rated a Rider's Paradise Transportation Score of 90 and a Very Bikeable Bike Score of 85l
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Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 8
  • Total Bedrooms: 8
  • Amenities: Public Transportation, Shopping
  • Basement Features: Full
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 159600
  • Net Operating Income: 136200

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 1
  • Levels: 2

Unit 4 Description

  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Fieldstone
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73218290
  • Last Updated: 09/17/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/23/2024Active$2,779,900$597MLSPIN
04/19/2024Price Change$2,779,900$597MLSPIN
04/05/2024Active$2,979,900$639MLSPIN
04/01/2024New$2,979,900$639MLSPIN

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Map

Seller's Representative: The Steve Bremis Team, Steve Bremis Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.125
Facilitator Compensation: 2.125
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-09-17 09:21:00

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