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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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36 College Ave , Somerville, MA 02144
$16,000,000
Est. Payment: $35,555.56/mo
49 Bed
43 Bath
34417 Sqft
Status: Active | Days on site: 71
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AN6071 - CN238517
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Rare Portfolio Offering: 36 College Avenue in Somerville is part of a three-building portfolio for sale, which also includes 202-218 Mass Ave. in Arlington and 49–55 Davis Square in Somerville. 36 College Avenue, known as the Bryant Chambers building, is a 44-unit, five-story brick apartment building in the heart of Davis Square. Located at the corner of College Avenue and Park Avenue, the property is steps from the MBTA Red Line and within walking distance of Tufts University. Built in the 1920s, the building features classic brick architecture with windows on all four sides, providing abundant natural light. The unit mix includes (3) studios, (34) one-bedroom apartments, (6) two-bedroom apartments, and (1) commercial space. Amenities include an elevator, on-site laundry, keyless FOB entry, and storage. The property offers stable in-place cash flow, a strong occupancy history, and long-term value-add potential through strategic management. PLEASE SEE FIRM REMARKS FOR ADDITIONAL INFO
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Highlights

Listed by Carl Christie , 617-942-1137 Carl Christie , 617-942-1137.

Property Type

Multi-Family
Lot/Acreage
0.17

Year Built

1920

County

Middlesex

Listing ID

73546201

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:49
  • ▪ Bathrooms:43
  • ▪ Full Bathrooms:43
Water:Public

Exterior Features

Lot:Corner Lot
Garage Capacity:0
Zoning:MR4
Sewer:Public Sewer
Principal Interest
$35,556
Taxes
$11,353

Home Price

$16,000,000

Loan Details

30 yrs
%

Down Payment

20%
$3,200,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$35,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $35,555.56 $11,353.42 $0.00 $46,908.97
Yearly $426,666.67 $136,241.00 $0.00 $562,907.67
Total $12,800,000.00 $4,087,230.00 $0.00 $16,887,230.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Somerville, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.