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The Steve Bremis Team 617-828-1070

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One Beacon, 6.41% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.

Property Details of 1 Beacon Street, Inman Square

Property Details

Location

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

Interior Features

Interior Features

  • Bedrooms: 16
  • Bathroom: 8
  • Full Bath: 8
  • Basement: Unfinished
  • Other Amenities: Basement, Tennis
  • Square Feet: 6,812
  • Rooms: 24

Basement

  • Basement: Unfinished

Exterior Features

Exterior Features

  • Acreage: 0.13
  • Foundation: Other
  • Parking Spaces: 4

Utilities and Appliances

Utilities and Appliances

  • Heat System: Yes

Map Location

Driving Directions

Listed by John Pentore of Horvath & Tremblay
73226159

Somerville, MA Demographics

4A61D2

There is no data available

73226159

Somerville, MA Real Estate Market Data

4A61D2 FF9900 DC3912

There is no data available

73226159

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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