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$1,650,000
Total Beds: 5 Total Baths: 3
Total Units: 2 SQFT: 3442
LOT size: 0.08 Acres
38 Fairmount Avenue
Somerville, MA 02144
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Property Description

Introducing 38 Fairmount Ave in Somerville, a brilliant investment opportunity with guaranteed rental income. Within the walls of this two family spans a tale of familial roots. For decades one family has lovingly called it home. Nestled within the Teele, Davis and Ball Square neighborhoods, the demand for these apartments will continue to grow. With separate entrances, each unit exudes a sense of spaciousness and comfort, inviting tenants to settle in and make it their own. Around the corner from Tufts University and close to the Minuteman Bikeway and major highways, Route 2 and 93. Schedule a private viewing today.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Amenities: Bike Path, Highway Access, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Finished, Full, Other (See Remarks)

Financial

  • APOD Available: No
  • Gross Operating Income: 70800
  • Net Operating Income: 70800

Utilities

  • Heat Zones: 2
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Construction

  • Year Built: 1910
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Shingle, Slate
  • Flooring Type: Hardwood
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73230968
  • Last Updated: 05/05/24

Mortgage Calculator

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Map

Seller's Representative: The Confalone Team, Gibson Sotheby's International Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
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 2024-05-05 03:05:00

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