Somerville, MA 02144,1153-1155 Broadway
See all 7 photos
Somerville, MA 02144,1153-1155 Broadway
Somerville, MA 02144,1153-1155 Broadway
Somerville, MA 02144,1153-1155 Broadway
Somerville, MA 02144,1153-1155 Broadway

$3,200,000

Est. payment /mo

$3,200,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1153-1155 Broadway Somerville, MA 02144

8 Beds

7 Baths

6,920 SqFt

SOLD DATE : 03/01/2019

Key Details

Sold Price $3,200,000

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Side by Side

Listing Status Sold

Purchase Type For Sale

Square Footage 6,920 sqft

Price per Sqft $462

MLS Listing ID 72440232

Sold Date 03/01/19

Bedrooms 8

Full Baths 7

Year Built 1910

Annual Tax Amount $22,296

Tax Year 2018

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type 5+ Family - 5+ Units Side by Side

Property Description

RARE...RARE...RARE OPPORTUNITY! Only HALF A MILE TO DAVIS SQ. Exceptional BRICK 5 UNIT RESIDENTIAL BUILDING with DOUBLE RETAIL STOREFRONT SPACE. Fantastic opportunity for future growth and appreciation with the new proposed GREEN LINE STOP less than a mile away and TUFTS just over a quarter from the property. Future expansion of Teele Sq may also include a proposed hotel across the street which has been met with positive feedback. TOTAL CURRENT GROSS MONTHLY INCOME IS $15,150(Projected $16,900) / GROSS ANNUAL INCOME $181,800 (Projected $202,800)...Only two of the rental units have leases, the other three are Tenants At Will. Overall condition of the building is very good to excellent. Rated a Very Walkable Walk Score of 89! Current Zoning is NB (Neighborhood Business). New proposed zoning to be confirmed in 2019 will be MR4 which will allow for limited expansion.

Location

State MA

County Middlesex

Zoning NB

Direction At the intersection of Broadway and Holland Street in Teele Square...

Exterior

Community Features Public Transportation, Shopping, Park, Laundromat, Highway Access, House of Worship, Public School, T-Station, University

Garage No

Building

Lot Description Other

Story 8

Foundation Stone

Sewer Public Sewer

Water Public

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Steve Bremis Realty Group
Bought with The iBremis Team • LAER Realty Partners / iBremis Realty
agent

Faith Pulis

Advisor | License ID: 9570398

+1(978) 376-3561

GET MORE INFORMATION

Name
Phone*
Message