56-58 Walnut St. & 4-6 Pleasant Ave., Somerville, Massachusetts 02143

$9,000,000
26
BD
22
BA
16,229
SqFt
List Price
$9,000,000
MLS#
72660222
Bedrooms
26
Full Bathrooms
22
Sq. Ft
16,229
Lot Size
19,166
County
Middlesex
Year Built
1890
Status
UNDER AGREEMENT

Property Description

The Hollander Block consists of two majestic Queen Anne buildings on the corner of Walnut St & Pleasant Ave on Prospect Hill in Union Sq, one of the fastest growing neighborhoods in Somerville. This rare asset consists of 22 apartments - 20 one bed & 2 three bed units. The property is conveniently located just 3 blocks from bustling Union Sq, soon to be home to the new Green Line extension. The neighborhood boasts many great shops & restaurants including the recently established Bow Market. The Union Square Redevelopment has added to the upward trajectory that Union Sq has been experiencing and is poised to add 2.4 million sqft of office, retail and lab space. All leases are ending on varying dates in the summer of 2020, producing annual gross income of $525,000 with projected annual gross income of $591,000. There is significant value add opportunity through cosmetic updates and basic living area optimization. Rubber roofs replaced in 2002 & 2014, gas heat conversion in 2008.

Additional Information

Days on Market
76
Taxes
$6,202,400
Tax Year
2020
Assessment
4641100
Construction
Frame
Fireplaces
6
Amenities
Public Transportation, Shopping, Park, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University, Other (See Remarks)
Flooring
Wood
Basement
Yes
Basement Features
Full, Unfinished Basement
Hotwater
Natural Gas
Lot Description
Corner
Acres
0.44
Price Per Sqft
$554
Disclosures
22 units total - see attached complete list of 14 Matterport 3D virtual tours

Mortgage Calculator

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Listing courtesy of Metro Realty Corp..

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