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The Steve Bremis Team 617-828-1070

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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). The current leasing season is supporting projected gross rents of approximately $580,000. Historical operating expenses of about $65,000. Projected NOI from operations of $515,000! Projected gross rents based on units renting at $3,950 and 4 parking spaces at $300. Private showings for qualified buyers only.

Property Details of 250-256 Somerville Avenue, Union Square

Property Details

Location

  • Neighborhood: Union Square
  • Town: Somerville
  • Subdivision: Union Square
  • County: Middlesex
  • State: MA
  • Zip: 02143

Interior Features

Interior Features

  • Bedrooms: 24
  • Bathroom: 12
  • Full Bath: 12
  • Basement: Full
  • Other Amenities: Basement
  • Square Feet: 13,543
  • Rooms: 48

Basement

  • Basement: Full

Exterior Features

Exterior Features

  • Acreage: 0.28
  • Foundation: Concrete Perimeter, Brick/Mortar
  • Parking Spaces: 12

Map Location

Driving Directions

Listed by William Senne of Senne
73222468

Somerville, MA Demographics

4A61D2

There is no data available

73222468

Somerville, MA Real Estate Market Data

4A61D2 FF9900 DC3912

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73222468

Somerville, MA Schools

School Name Distance Type Grades

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network , Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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 or leasing 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 or leasing. MLSPIN 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.

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