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499 Days on Jacob RealtyPrice Reduced $399,900
19
$1,600,000
Total Beds: 7 Total Baths: 3
Total Units: 2 SQFT: 3347
LOT size: 0.19 Acres
26-28 Melvin St
Somerville, MA 02145
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Property Description

This is a huge multifamily home in the Winter Hill Neighborhood of Somerville, less than a half mile from Assembly Row. You have great access to downtown Boston via route 93, Cambridge is less than 5 min drive. Somerville itself with all its restsurants, Davis Square, Mystic river reservation, Foss Park, supermarkets, and more. Property is in need of updating, but you have clearly a double size lot to work with. Two car garage, with three additional storage garages, plenty of room for gardening, and of course the multitude of off street parking. Two driveways on either side of the house for at least 6-8 cars. The two units are occupied, so only serious inquiries will be entertained with ample notice to both units.Proof of funds will be required to gain entry so as not to disturb occupants with curious eyes. Both units are TAW's. No open house scheduled on this property at this time, but given its location, size, and proximity to Boston and surrounding towns its a great investment.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Amenities: Bike Path, Conservation Area, Highway Access, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station
  • Basement Features: Concrete Floor, Full, Partially Finished, Walk Out

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated
  • Gross Operating Income: 56400
  • Gross Expenses: 19548
  • Electric Expenses: 348
  • Water/Sewer: 5000
  • INSC: 2200
  • RFS: 600
  • Miscellaneous Expense: 30
  • Net Operating Income: 36852

Utilities

  • Heat Zones: 3
  • Electric Info: 100 Amps, Other (See Remarks)
  • Energy Features: Insulated Doors, Insulated Windows, Partial
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Other Rooms: Dining Room, Kitchen, Living Room, Other (See Remarks)
  • Appliances: Range, Refrigerator
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: Window AC
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Other Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Appliances: Range, Refrigerator
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: Window AC
  • Levels: 2

Unit 3 Description

  • Under Lease: No
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Levels: 1

Construction

  • Year Built: 1890
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Concrete, Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73147569
  • Last Updated: 11/09/23

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Map

Seller's Representative: Alexander Zedros, Century 21 Tradition
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Net 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 2023-11-09 03:05:00