84-86-86R Cross St Somerville MA 02145 MLS #73218290

84-86-86R Cross St
Somerville, MA, 02145
$2,779,900
8 Beds
0 Baths
4,660 SqFt
0.14 Acres
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SIX TOTAL UNITS…EXTENSIVELY RENOVATED FOUR FAMILY AND TWO FAMILY PACKAGE IN PRISTINE CONDITION… UNDER HALF MILE TO NEW GREEN LINE AND JUST OVER HALF MILE TO ORANGE LINE. This Two Property Package INCLUDES SIX TOTAL UNITS IN A FOUR FAMILY AND TWO FAMILY ON SAME LOT. Four out of 6 units have been gut renovated to the studs with granite counter kitchens and new appliances. Updated roof, electric, hot water tanks and roof. Gross Monthly Rent is $13,300/ Gross Annual $159,600 (does not include 4 coin op washer & dryers). All unit utilities are separate. RENTS ARE SUBSTANTIALLY UNDER MARKET and rent roll can be increased significantly. Off street parking with TWO DRIVEWAYS. Perfect candidate for future condo conversion given extensive recent renovation to the property or a great 1031 Tax Deferred Exchange candidate. FANTASTIC LOCATION. Rated a Walker’s Paradise Walk Score of 90. Rated a Rider’s Paradise Transportation Score of 90 and a Very Bikeable Bike Score of 85l

Property Details

Price:
$2,779,900
MLS #:
73218290
Status:
Active
Beds:
8
Baths:
0
Address:
84-86-86R Cross St
Type:
Multi Family
Subtype:
5-9 Family
City:
Somerville
Listed Date:
Apr 1, 2024
State:
MA
Finished Sq Ft:
4,660
Total Sq Ft:
4,660
ZIP:
02145
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1900
Units:
6
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Schools

Interior

Flooring
Wood
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping
Parking Features
Paved Drive, Off Street
Parking Spots
3

Financial

Net Operating Income
$136,200
Tax Year
2023
Taxes
$16,818

Map

Community

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