Rare opportunity available 6 unit investment property in Union Square, Somerville. Located 0.6 miles from newly proposed Green Line Extension 'Union Square' stop. (5) one bedroom residential rental units are all currently occupied as well as the 1,300 sq. ft. retail store front below in this brick building. Current gross income is $146,000 annually with ability to improve units and raise rents. Located in the heart of Union Square, this area boasts plenty of shopping, dining, local markets, offices, and commutability. Close proximity to Cambridge Harvard square and Inman square.Offered deadline Sunday, March 13 5 PM. Make offers good until Tuesday, March 15 at 5 PM .
Sold
$2,320,000
361 Somerville Ave, Somerville, MA 02143
5beds
6,720sqft
5-9 Family
Built in 1920
-- sqft lot
$2,595,500 Zestimate®
$345/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: August 06, 2022 at 04:53am
Listed by:
Brendan Nixon,
Coldwell Banker Realty - Brookline
Bought with:
The Bushari Team Compass
Compass
Source: MLS PIN,MLS#: 72939053
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Heating
- Has Heating (Unspecified Type)
Cooling
- Has cooling: Yes
Appliances
- Laundry: Washer Hookup
Features
- Flooring: Wood, Vinyl, Laminate, Hardwood
- Basement: Full,Bulkhead,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 6,720
- Total interior livable area: 6,720 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Fencing: Fenced/Enclosed
Lot
- Size: 2,613 sqft
- Features: Cleared, Level
Details
- Parcel number: M:74 B:C L:28,758253
- Zoning: CBD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Brick
- Foundation: Concrete Perimeter, Stone
- Roof: Rubber
Condition
- Year built: 1920
Utilities & green energy
- Electric: Common, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Laundromat, Highway Access, House of Worship, Public School
Location
- Region: Somerville
HOA & financial
Other financial information
- Total actual rent: 12175
Other
Other facts
- Listing terms: Contract
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,595,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,595,500