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23 Cottage Ave, Somerville, MA 02144

13 Bed, 7 Bath Multi-Family Home For Sale

23 Cottage Ave, Somerville, MA 02144 House For Sale - MLS #72574496
$2,700,000
13
7
Multi-Family
3 Family

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Property Description for 23 Cottage Ave, Somerville, MA 02144

Situated in the heart of Davis Square, 23 Cottage Avenue is a stabilized (5.25% cap rate on current income), 2.5-story, Victorian-style, multi-family investment property that recently underwent an extensive renovation. The Property contains three, direct entry units made up of a 3-Bedroom/2-Bathroom duplex unit, a 4-Bedroom/2-Bathroom tri-plex unit and a 6 Bedroom/3-Bathroom, tri-plex unit. The Property also contains off-street parking and a two-car garage that can accommodate 6-tandem spaces. The completely renovated Property features all new roof, new, hardie-plank siding, new and refinished flooring, new kitchens featuring granite counter tops, new bathrooms, new boilers and hot water tanks, electrical and plumbing upgrades, a rebuilt porch, replacement windows, paint and landscaping.

Interior Details

4,627 sq. ft.
$583.53/sq. ft.

Exterior Details

0.11 acres
4,791 sq. ft.
2 Garage Spaces
6

Other Details

72574496
1920

Units Description

Unit #1
Rooms: 5      Bedrooms: 3      Full / Half Baths: 2      Levels: 2      Floor: 1      Rent: $3,860      Lease: Yes

Unit #2
Rooms: 6      Bedrooms: 4      Full / Half Baths: 2      Levels: 3      Floor: 2      Rent: $4,635      Lease: Yes

Unit #3
Rooms: 9      Bedrooms: 6      Full / Half Baths: 3      Levels: 3      Floor: 3      Rent: $6,000      Lease: Yes

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Mortgage Calculator


(20%)

Monthly Mortgage Payments

$12,264
$17,081

MBTA> Stations Stops

Davis Station
0.16 miles
Porter Square Station
0.44 miles
Alewife Station
1.03 miles
Harvard Square Station
1.42 miles
West Medford
1.93 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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