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Adam Dow

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

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38 Berkeley St , Somerville, MA 02143
$2,450,000
Est. Payment: $5,444.44/mo
10 Bed
8 Bath
5051 Sqft
Status: Under Agreement | Days on site: 25
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House Description

Fantastic opportunity to purchase a six-family property in Somerville's highly sought-after Spring Hill neighborhood, near to Porter Square Red Line and just blocks from the Gilman Square Green Line and Bike Path, making it a commuter's dream. The property consists of six units—two studios and four two-bedroom (some can be utilized as three bedroom or three bedroom plus!) apartments—and features an enormous backyard and a large basement with ample storage. Extremely well kept and clean building with enormous upside potential for rent. The two studio units have been recently renovated, while Units 1–3 have been tastefully updated and maintained. Unit 4 is currently vacant, presenting an excellent opportunity for a new owner to renovate and increase rental income. With a well-balanced layout of three units on each side, this is a rare value-add investment opportunity in one of Somerville's most desirable locations. Please see broker for balance of photos and videos of each unit.

Highlights

Listed by Grace Bloodwell , 617-512-4939 Coldwell Banker Realty - Boston , 617-242-0025.

Property Type

Multi-Family

Lot/Acreage
0.13

Year Built

1928

County

Middlesex

Listing ID

73552553

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:8
  • Full Bathrooms:8
Water:Public

Exterior Features

Garage Capacity:0
Zoning:NR
Sewer:Public Sewer
Principal Interest
$5,444
Taxes
$1,929

Home Price

$2,450,000

Loan Details

30 yrs
%

Down Payment

20%
$490,000
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Monthly Price:
$5,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,444.44 $1,928.67 $0.00 $7,373.11
Yearly $65,333.33 $23,144.00 $0.00 $88,477.33
Total $1,960,000.00 $694,320.00 $0.00 $2,654,320.00

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.