171-175 Tremont St, Somerville, Massachusetts 02143

$3,600,000
15
BD
6
BA
6,354
SqFt
List Price
$3,600,000
MLS#
72822218
Bedrooms
15
Full Bathrooms
6
Sq. Ft
6,354
Lot Size
8,000
County
Middlesex
Year Built
1920
Status
UNDER AGREEMENT

Property Description

Golden Opportunity! Nestled in between current and future Life Science hubs, Kendall Sq and Union Sq., and equidistant to Harvard and MIT, 171-175 Tremont is a massive 6 family property which shows pride of ownership at every turn. All apts have large rooms, balconies, high ceilings, antique hardwood floors, and fully applianced kitchens. The maintenance free exterior, replacement windows, and separate utility systems make this a perfect income property for the passive investor or a great condo conversion for a savvy developer. Residents love the huge parking lot with room for 12+ cars! Leases are set to expire this summer, and two units are currently vacant. Current rents are below market. Trendy shops and restaurants are at your doorstep, and the property is under 1 mile to the Central Sq T Stop. Somerville consistently rates as one of the best rental markets in the region due to high density, amenities and local universities and businesses

Additional Information

Days on Market
12
Taxes
$23,341
Tax Year
2021
Assessment
2290600
Construction
Frame
Amenities
Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School, T-Station, University
Flooring
Wood
Basement
Yes
Basement Features
Full, Interior Access, Sump Pump, Concrete Floor
Hotwater
Natural Gas
Lot Description
Paved Drive, City View(s)
Parking Spaces
12
Acres
0.18
Price Per Sqft
$566
Utilityconnections
for Gas Range, for Electric Range

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of David Lilley from RE/MAX Destiny

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