147 Central Street, Somerville, MA 02145
View Map
$1,549,999
4 Unit
8 Beds
4 Baths
5318 SQFT
0.06 Acre

Property Description

Unmatched Investment Opportunity in Somerville! Seize the chance to own this exceptional mixed-use building just a few blocks from the Gilman Square Green Line station! This prime corner property offers outstanding visibility and signage, featuring two retail spaces leased through 2026, ensuring immediate income stability. Above, discover two spacious 4+ bedroom apartments that highlight beautiful hardwood flooring, generous living areas, and modern layouts. With an impressive annual income of 124.8K this property not only provides solid returns but also boasts huge upside potential for future rent increases. Located in the thriving Winter Hill section, you’re close to Assembly Row and have seamless highway access to downtown Boston. Surrounded by vibrant restaurants, shops, and local amenities, this rare opportunity won’t last long—act now to secure your investment in this desirable neighborhood!

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 8
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Other (See Remarks), Park, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Full

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 127521
  • Gross Expenses: 67563
  • Electric Expenses: 500
  • Water/Sewer: 12000
  • INSC: 5000
  • Repairs & Maintenance: 5000
  • Miscellaneous Expense: 3000
  • Net Operating Income: 90314

Utilities

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

Unit 1 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Other (See Remarks)
  • Roof Material: Rubber
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73292223
  • Last Updated: 10/15/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/23/2024Active$1,549,999$291MLSPIN
09/19/2024New$1,549,999$291MLSPIN
11/01/2022Expired$1,595,000$300MLSPIN
09/24/2022Active$1,595,000$300MLSPIN
09/20/2022New$1,595,000$300MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Zachary Conley, NextGen Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
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 2024-10-15 13:43:00