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

250-256 Somerville Ave

Union Square - Somerville, MA ID #73222468

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250-256 Somerville Ave

Union Square - Somerville, MA ID #73222468

Property Description

Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5-9 Family
  • Area: Union Square
  • Zip Code: 02143
  • Taxes: 37,178
  • Living Levels: 3
  • Acres: 0.28

Parking

  • Parking: Paved Drive, Off Street, Assigned, Driveway
  • Parking Spaces: 12

Rooms/Dimensions

  • Total Units: 12
  • Total Floors: 3
  • Total Rooms: 48

Location

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250-256 Somerville Ave, Somerville, MA

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Content © 2024 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of William Senne of Senne. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.