Brought to you by: David Hariri - RE/MAX Destiny
Phone: (617) 230-0101 Fax: (617) 715-0302
Website: www.Number1HomeFind.com
Email: Davidhremax@Gmail.com
 

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669 Somerville Ave
Somerville, MA. 02143-3235

Middlesex County
Directions: Corner Of Ibbetson And Somerville Avenue Between Ibbetson And
Craigie Street

MLS # 72439568 - Under Agreement
Multi-Family 5-9 Family    

List Price $4,400,000 Days on Market  
List Date   # Units 7
Sale Price   # Floors  
Sold Date   Rooms 22
Assessed Value $1,021,300 Bedrooms 14
Gross Living Area 8,415SF Full Baths 8
Lot Size 3,725SF Half Baths 0
Taxes $18,598.00 Fireplaces  
Tax Year 2018 Basement Yes
Zoning Rb Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1920 Parking Spaces 0
    Garage Spaces 0
Remarks:
Rare offering! This is a meticulously maintained 8 unit (7 residential & 1 commercial) which shows pride of ownership at every turn. All apts have large rooms, high ceilings, fully applianced eat-in kitchens and full tile baths. Each apt has separate utilities. two 1 bedroom apts and three 2-bedroom apts. Two 3-bedroom units have a huge living area overlooking a Boston and Porter Square. Well maintained exterior, replacement windows, and separate systems make this a perfect income property for the passive investor or a great condo conversion for a savvy developer. Lease information is attached herein. An opportunity exists to significantly increase rents by simply waiting for leasing to expire & increase rents. Property is located walking distance to Davis Sq/Porter sq and Harvard Sq for terrific access to T, shops, and restaurants. Somerville consistently rates as one of the best rental markets in the region due to high density, amenities, and local universities and businesses.
Features
Basement   Full
Construction   Frame
Electricity   220 Volts,
   100 Amps
Energy   Insulated Windows
Exterior   Shingles,
   Asbestos
Flooring   Hardwood
Foundation   Poured
   Concrete, Fieldstone,
   Brick
Hot Water   Natural Gas
Lead Paint   Unknown
Lot   Sloping
Road   Public
Roof   Rubber
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Gas Range
Units
Unit 1 Bedrooms: 3; Floor: 3; Full Baths: 1; Lease: Yes; Levels: 1; Rent: 2600; Rooms: 5
Unit 2 Bedrooms: 3; Floor: 2; Full Baths: 1; Lease: Yes; Levels: 1; Rent: 2600; Rooms: 5
Unit 3 Bedrooms: 2; Floor: 1; Full Baths: 1; Lease: Yes; Levels: 1; Rent: 2000; Rooms: 4
Unit 4 Bedrooms: 2; Floor: 2; Full Baths: 1; Lease: Yes; Levels: 1; Rent: 2600; Rooms: 4
Financial Info
Gross Oper. Income   $147,600 Net Oper. Income   $147,600
Additional Information
APOD Available?   Yes
Anticipated Sale Date  
   04/12/2019
Deed   Book: 9999, Page:
   9999
Disclosures   Please see
   the financial breakdown
   attached here with under
   the paper clip. Current
   rents and potential rents
   and expenses and more.
Foreclosure   No
GLA Source   Public Record
Off Market Date   2/20/19
Parcel #   M:38 B:G L:21
Seller Disclosure Doc   No
Short Sale   No
Terms   Lender Approval
   Required
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 2/20/19 6:31pm

Courtesy: MLSPIN

Listing Office: RE/MAX Destiny Listing Agent: David Lilley


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