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Price reduction! Are you looking for cash flow? Do you need to do a 1031 Exchange? Look no further. Turnkey 5 unit multifamily in Somerville with all 5 units leased, currently grossing $10,100 per month in rent. *Will gross $10,285 per month in 2021-2022. This well-cared for property in Winter Hill near the future Green Line extension is a great one to add to your portfolio. Many updates, including newer heat & A/C systems, renovated kitchens and baths, fenced yard, income-generating coin-op laundry, and paved parking area with 3 side-by-side spaces. Units 3 & 4 underwent significant renovations within the last 4 years. Units 1,2,4 and 5 are leased through August 2021, and Unit 3 is leased through May 2021. Excellent tenants with perfect rent payment history. Unit floor plans and 2020 P&L statement available as attachments in MLS.

MLS Listing ID: 72780846
Listing Price: $1,814,999
Listing Status: Contingent [?]
Property Type: Multi Family
Bedrooms: 7
Full Baths: 5
Living Space: 3072 sf.
Lot Size: 0.11 acres (4792 sf.)
Parking: Yes
Taxes: $11,632.00
Tax Year: 2020

Listing Current as of April 16, 2021 12:00am

This listing brought to you by Evelyn Ullman of Coldwell Banker Realty - Winchester.

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