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!
— MLSPIN #: 73292223Map of 147 Central Street, Somerville, MA 02145
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| List Price: | $1,549,999 |
|---|---|
| Status: | Active |
| MLS ID: | 73292223 |
| Town: | Somerville |
| County: | Middlesex |
| Zip: | 02145 |
| Property Type: | Residential Income |
| Property Sub Type: | 4 Family |
| Bedrooms: | 8 |
| Full Baths: | 2 |
| Half Baths: | 2 |
| Living Area: | 5,318 sqft |
| Acres: | 0.06 |
| Flooring: | Wood |
| Lot Features: | Corner Lot, Other |
| Parking Features: | On Street, Other |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1900 |
| Roof: | Rubber |
| Directions: | GPS |
| Foundation Details: | Block, Other |
| Construction Materials: | Frame |
| Listing Contract Date: | 2024-09-19 |
| Lot Size Area: | 0.06 |
| Lot Size Square Feet: | 2,800 |
| Rooms Total: | 16 |
| Bathrooms Total Integer: | 4 |
| Basement: | true |
| Basement: | Full |
| Building Area Source: | Public Records |
| Building Area Total: | 5,318 |
| Community Features: | Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 4 |
| Open Parking?: | Yes |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Oven |
| Zoning: | Mixed Use |
| Stories Total: | 7 |
| Year Built Source: | Public Records |
| Disclosures: | .Laundromat is rented for 5 years, through 2025. $1750, $1750, $1850, $1850 and $1850 in final year. 147 Central #2 & #3 is Sec 8 TAW. Property AKA Three thirty-one - Three thirty-three Medford st. Mushroom Retailer for $1900 per year with 2% annual increases through 2026. Res Units Sec 8 TAW |
| Electric Expense: | $500 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Estimated |
| Gross Income: | $127,521 |
| Insurance Expense: | $5,000 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Comp Based On: | Gross/Full Sale Price |
| Disclosure: | No |
| Dpr Flag: | Yes |
| Flrs 1: | 3 |
| Flrs 2: | 2 |
| Flrs 3: | 1 |
| Flrs 4: | 1 |
| Gre: | 67,563 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Lease 3: | Yes |
| Lease 4: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $291.46 |
| Mse: | 3,000 |
| Page: | 390 |
| Price Per Sqft: | $291.46 |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Uffi: | Unknown |
| Net Operating Income: | $90,314 |
| Operating Expense: | $67,563 |
| Original List Price: | $1,549,999 |
| Tax Assessed Value: | $1,418,300 |
| Tax Year: | 2024 |
| Total Actual Rent: | $10,550 |
| Water Sewer Expense: | $12,000 |
| Year Built Details: | Approximate |
| Waterview Flag: | No |
| Bedrms 1: | 4 |
| Bedrms 2: | 4 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| Hot Water: | Other (See Remarks) |
| H Bths 3: | 1 |
| H Bths 4: | 1 |
| Rent1: | 2,800 |
| Rent2: | 4,000 |
| Rent3: | 1,900 |
| Rent4: | 1,850 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on November 23, 2024 09:20 AM
Property Last Updated: October 15, 2024 01:46 PM
Listing Courtesy of: NextGen Realty, Inc.
Listing Agent: Zachary Conley
617-982-8607
