Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

250-256 Somerville Ave

Union Square - Somerville, MA ID #73222468

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250-256 Somerville Ave

Union Square - Somerville, MA ID #73222468

This listing is pending agreement.

Property Description

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.

Additional Details

  • Status: CTG
  • Type: Multi-Family, 5-9 Family
  • Area: Union Square
  • Zip Code: 02143
  • Taxes: 37,178
  • Living Levels: 3
  • Acres: 0.28
  • Selling Broker Compensation: 2.0%
  • Buying Broker Compensation: 2.0%

Parking

  • Parking: Paved Drive, Off Street, Assigned, Driveway
  • Parking Spaces: 12

Rooms/Dimensions

  • Total Units: 12
  • Total Floors: 3
  • Total Rooms: 48

Location

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of William Senne of Senne. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.