52, 54 Bonair Street, Somerville, MA 02145

$3,695,000
21
BD
10
BA
8,937
SqFt
List Price
$3,695,000
Status
UNDER AGREEMENT
MLS#
73149807
Bedrooms
21
Bathrooms
10
Full Baths
10
Living Area
8,937
Lot Size (Acres)
0.29
Year Built
1900

Property Description

ATTENTION...ATTENTION...a very rare opportunity, 10 units in solid shape, almost 9000 square feet of living space, 21 bedrooms, 10 bathrooms, 4 off road tandem parking spots. New roofs, newer electrical, new natural gas, all the big money items taken care of. One of the hottest rental markets in the country, with property values rising, don't miss this chance. Separate utilities, heat, water, electric, all rents underpriced, but are Tenants at will. 4 off road tandem parking spots between both buildings. 2 separate deeds for the 2 properties. New roof, newer electric, and newer natural gas. All tenants, therefore, have separate utilities, and pay electricity, heat, gas. Yearly rent $240,000. and are under market, bring these up to market value, make a great cap rate and a rental beast. Somerville right off McGrath a great location and proximity to all that is Cambridge, Somerville, and Boston. Both buildings create an investment compound that is absolutely incredible.

Additional Information

Area
Winter Hill
Taxes
$31,776
Parking Description
Paved Drive, Off Street, Tandem
Lot Description
Corner Lot
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Robert Downer from Listing Office: R.E.D. Development & Real Estate Group.

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