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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,644 sqft
Price per Sqft $288
MLS Listing ID 73178851
Sold Date 01/03/24
Bedrooms 5
Full Baths 4
Year Built 1905
Annual Tax Amount $12,657
Tax Year 2023
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Location + Cash Flow - What else could you be looking for in an investment property? This Winter Hill 3-family is perfect for the smart investor looking for a secure cash flow investment with plenty of future upside! The current owner has owned and managed this property for 50 years and has meticulously maintained every inch of the property for his tenants over the years. In addition to the 3 leased units, the basement is finished and has the potential for expansion and extra rental income. Amenities include highway access to Route 93, close proximity to Somerville's Assembly Row, Davis Square and Tufts University, and beautiful views of downtown Boston. After expenses, the property cash flows over $60,000 each year with plenty of rental upside in the future. Come by and see this turnkey investment property and close out before the end of the year! Open Houses will be Saturday, November 11th, from 12 - 2pm, and Sunday, November 12th, from 11 - 1pm.
Location
State MA
County Middlesex
Area Winter Hill
Zoning RB
Direction Route 28 to Bonair to Walnut to Sargent Avenue. Property will be on the left.
Rooms
Basement Finished
Interior
Interior Features Unit 1(Bathroom With Tub & Shower, Internet Available - Broadband), Unit 2(Ceiling Fans, Bathroom With Tub & Shower, Internet Available - Broadband), Unit 3(Ceiling Fans, Bathroom with Shower Stall, Internet Available - Broadband), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Mudroom), Unit 3 Rooms(Living Room, Kitchen)
Heating Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard), Unit 3(Hot Water Baseboard)
Cooling Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
Flooring Wood, Carpet, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
Appliance Unit 1(Range, Dishwasher, Refrigerator, Washer, Dryer, Oven - ENERGY STAR), Unit 2(Dishwasher, Refrigerator, Oven - ENERGY STAR), Unit 3(Dishwasher, Refrigerator, Oven - ENERGY STAR)
Basement Type Finished
Exterior
Exterior Feature Porch, Balcony, Gutters, Storage Shed, Fenced Yard, City View(s)
Fence Fenced
Community Features Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship
View Y/N Yes
View City
Roof Type Shingle
Total Parking Spaces 3
Garage No
Building
Story 6
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Winter Hill
Middle Schools Next Wave
High Schools Somerville High
Others
Senior Community false
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Bought with ChiChi Liao • Harvard Realty Advisors, LTD
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Jeanne Gleason
Sales Associate | License ID: 9027422
Sales Associate License ID: 9027422