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Home Massachusetts Somerville Multi-Family Homes for Sale

148-150-18 Pearl St Somerville, MA 02145
148-150-18 Pearl St, Somerville, MA
Not Available - Off MarketPrice Reduced $102,299
0
This Property is No Longer Available
148-150-18 Pearl St, Somerville, MA 02145
View Map
$1,897,700
4 Unit
9 Beds
4 Baths
3115 SQFT
0.10 Acre

Property Description

A very unique investment opportunity in the heart of Somerville! 4 units Entrance trough Pearl and Flint St /Estimate 7-8 % cap rate with market value rentals approx $150,000.00 per year.This mixed-use property on Pearl Street and 18 Flint Ave boasts 3 spacious residential units and 1 commercial unit, offering diverse income streams. Located in an up-and-coming area, it’s perfect for investors looking to capitalize on the potential for both fix-and-flip and long-term strategy. Situated on bustling Pearl Street in Somerville, the property is surrounded by new developments, trendy shops, and eateries, enhancing its appeal. Whether you're looking to renovate and sell for a profit or hold for consistent rental income, this property offers flexible investment opportunities. Don't miss out on this rare find in a rapidly developing area. Secure your foothold in Somerville's thriving real estate market today! DELIVER VACANT
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Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 4
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Kitchen
  • Common Interior Features: Tile Floor
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Gross Operating Income: 90000
  • Net Operating Income: 90000

Utilities

  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Membrane, Wood Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73270853
  • Last Updated: 11/11/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/11/2024Canceled$1,897,700$609MLSPIN
10/01/2024Active$1,897,700$609MLSPIN
09/27/2024Price Change$1,897,700$609MLSPIN
08/02/2024Active$1,999,999$642MLSPIN
07/29/2024New$1,999,999$642MLSPIN

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Map

Seller's Representative: Viviane Alvarenga, Century 21 North East
Sub Agent Compensation: 0
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-11-11 11:14:00

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