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96 Cedar St, Somerville, MA
SOLD 8/9/2323Price Reduced $300,000
0
$2,625,000
*Sale Price
Total Beds: 15 Total Baths: 9
Total Units: 4 SQFT: 6000
LOT size: 0.18 Acres
96 Cedar St
Somerville, MA 02143
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This Property is No Longer Available

Property Description

100% Leased with close proximity to Davis St. & Porter Sq. Property has a strong in place income with upside potential. 94-96 Cedar Street is a geographically well positioned multi-family property in Somerville, MA. It is conveniently located .5 miles from MBTA’s Porter Square red line stop, .1 miles from the 88 and 90 bus lines,and provides easy access to I-93. 94-96 Cedar’s unique proximity to multiple prestigious universities and world-renowned economic centers presents an opportunity for a savvy investor to gain exposure to one of the highest demand housing markets in the country.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 15
  • Total Full Baths: 6
  • Total Half Baths: 3

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 161100
  • Gross Expenses: 30000
  • Net Operating Income: 131100

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 4 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73046312
  • Last Updated: 08/09/23

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Map

Seller's Representative: David Berman, The Stubblebine Company
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2023-08-09 09:05:00

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