For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,050,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $610
MLS Listing ID 73139139
Sold Date 12/21/23
Bedrooms 13
Full Baths 6
Year Built 1900
Annual Tax Amount $16,354
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Property Description
72 Beacon Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 5.93% cap rate on current income. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Property has undergone extensive interior renovations featuring condo quality finishes including brand new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, hardwood floors, central air-conditioning, dishwashers and laundry in each unit. Additionally, all of the building's mechanicals have been replaced. Building amenities include a private yard, and two off-street parking spaces. Somerville's outlook is bright, and rental continues at a steady rate. The submarket continues to accelerate as the city's transportation infrastructure expands and rents are expected to rise over the coming years.
Location
State MA
County Middlesex
Zoning NR
Direction The Property is located behind the Thirsty Scholar Pub and Huron Veterinary Hospital on Beacon St
Rooms
Basement Unfinished
Interior
Interior Features Storage
Heating Unit 1(Forced Air), Unit 2(Forced Air), Unit 3(Forced Air)
Cooling Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
Appliance Unit 1(Dishwasher, Washer, Dryer), Unit 2(Dishwasher, Washer, Dryer), Unit 3(Dishwasher, Washer, Dryer)
Basement Type Unfinished
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
Roof Type Rubber
Total Parking Spaces 2
Garage No
Building
Lot Description Easements
Story 6
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Ning Sun • United Real Estate, LLC
Get More Information
Jeanne Gleason
Sales Associate | License ID: 9027422
Sales Associate License ID: 9027422