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

8 Craigie Street

Somerville, MA ID #73440882

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8 Craigie Street

- Somerville, MA ID #73440882

Property Description

This 21-unit, 42 bedroom building boasts a CAP rate of just over 5%, offering a promising investment for buyers on a .23 Acre Lot. Come explore the exceptional opportunity at 8-14 Craigie Street in the lively community of Somerville abutting Porter Square & Cambridge/Somerville Line. Conveniently located near prestigious institutions such as Harvard, Lesley, & MIT, this property is fully occupied. Your next investment property is in close proximity to world-class universities, providing easy access to lectures & campus life. The Red Line and bus routes are just a short distance away, ensuring quick commutes to Boston or Kendall Square. This prime location combines urban convenience with academic vibrancy. With a strong rental history and a very low vacancy rate, there's high demand from scholars & professionals, guaranteeing top rental value in Somerville’s competitive market. Craigie St presents an unparalleled opportunity for the savvy investor.

Additional Details

  • Status: NEW
  • Type: Multi-Family, 5+ Family - 5+ Units Up/Down
  • Zip Code: 02134
  • Taxes: 58,939
  • Levels: 3
  • Acres: 0.23

Rooms/Dimensions

  • Total Units: 21
  • Total Floors: 3
  • Total Rooms: 93

Location

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8 Craigie Street, Somerville, MA

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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 Donahue + Greene Group of Compass. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.