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21 Cutter Avenue, Somerville, MA 02144

6 Bed, 3 Bath Multi-Family Home For Sale

21 Cutter Avenue, Somerville, MA 02144 House For Sale - MLS #72550339
$1,650,000
6
3
Multi-Family
3 Family

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Property Description for 21 Cutter Avenue, Somerville, MA 02144

Fantastic opportunity to invest in Davis Square. This three-family home offers a great location, key updates, and strong rental history. Each unit consists of 4 rooms, an updated full bathroom, renovated eat-in-kitchens and refinished wood floors throughout. Unit 1 and 2 have in-unit laundry. Units 2 and 3 have new kitchen cabinets and granite countertops. All units have newer upgraded appliances.The current owners have redone the electrical, adding a common area panel, had the yard professionally landscaped, added a retaining wall and sprinkler system. There's even coin-op laundry in the basement used exclusively by the 3rd floor. Renting at $2800+ (unit1), $2950+ (unit2) and $2600+ (unit 3) per month, and all with leases through 8/31/20, there's $8350/month in income with low monthly expenses. Walkscore of 95, Bikescore of 96, the Davis Sq Redline T station around the corner plus all the restaurants and shops Davis Square has to offer.

Interior Details

2,835 sq. ft.
$582.01/sq. ft.

Exterior Details

0.05 acres
2,389 sq. ft.

Other Details

72550339
1900

Units Description

Unit #1
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $2,800      Lease: Yes
Rooms : Living Room; Kitchen; Laundry
Appliances : Range; Dishwasher; Disposal; Microwave; Refrigerator; Washer; Dryer
Interior Features : Pantry; Picture Window; Wood Flooring; Remodeled
Heating : Central Heat; Forced Air; Individual; Unit Control
Rent Includes : Water

Unit #2
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $2,950      Lease: Yes
Rooms : Living Room; Kitchen; Laundry
Appliances : Range; Dishwasher; Disposal; Microwave; Refrigerator; Washer; Dryer
Interior Features : Balcony/Deck; Upgraded Countertops; Wood Flooring
Heating : Central Heat; Forced Air; Gas; Individual; Unit Control
Rent Includes : Water

Unit #3
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 3      Rent: $2,600      Lease: Yes
Rooms : Living Room; Kitchen
Appliances : Range; Dishwasher; Disposal; Microwave; Refrigerator; Other (See Remarks)
Interior Features : Stone/Granite/Solid Counters; Upgraded Countertops; Wood Flooring; Remodeled
Heating : Central Heat; Forced Air; Gas; Individual; Unit Control
Rent Includes : Water

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Monthly Mortgage Payments

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$10,438

MBTA> Stations Stops

Davis Station
0.19 miles
Porter Square Station
0.43 miles
Alewife Station
1.16 miles
Harvard Square Station
1.44 miles
West Medford
1.94 miles

Town Description

The City of Somerville is an urban industrial city in the Mystic Valley on the Boston transportation corridor to the northwest. It occupies about 4.1 square miles along the divide between the lower...

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