427 Medford Street, Somerville, MA 02145

15 Bed Multi Family For Sale

Posted 81 days ago
Map
Price
$1,599,000
Bedrooms
15
Baths
3
Home Type
Multi Family
Style
3 Family

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Mortgage Calculator

Home Price
Down Payment (%)
Monthly Mortgage Payments
30 Year Fixed
$6,107
15 Year Fixed
$8,834

Property Description for 427 Medford Street, Somerville, MA 02145

Cash Cow Opportunity! Rare 12+ unit, 3-family in Somerville with stable rental income history and even greater potential. Primarily located at Winter Hill neighborhood and a WalkScore 88, it is just minutes to the new Green Line station, many bus-stops, schools, Somerville Bike Path and many shopping areas. Great outdoor space with both front and back decks. Separated utilities with two 10-year gas heating system with 86% efficiency and one oil system and three newer water heaters. 10-year rubber roof and 11 years commercial aluminum windows. 7-feet height front walk out basement is higher than the street and has a potential to be an office space. Plenty storage spaces in the basement and laundry is readily installed. Flexible to various owner/rental settings and easy to rent out due to attractive location. City permits to add two 3/4 bathes in each unit. Many new potentials (include 1031 Exchange) for the future investors to extend its long history of stable rental income.

Interior Details

Living Area:
4,665 sq. ft.
Price/Sq Ft:
$342.77/sq. ft.

Exterior Details

Acres:
0.07 acres
Lot Size:
3,203 sq. ft.

Other Details

Mls No:
73037594

Unit 1 Details

Rooms: 7
Beds: 4
Baths: 1
Levels: 1
Floor: 1
Rent: $3,480

Rooms

Living Room; Dining Room; Kitchen; Office/Den

Appliances

Range; Refrigerator

Interior Features

Cable TV Available; Pantry; Lead Certification Available; Balcony/Deck

Heating

Hot Water Radiators; Gas; Unit Control

Rent Includes

Water

Unit 2 Details

Rooms: 7
Beds: 4
Baths: 1
Levels: 1
Floor: 2
Rent: $3,480

Rooms

Living Room; Dining Room; Kitchen; Office/Den

Appliances

Range; Refrigerator

Interior Features

Cable TV Available; Pantry; Lead Certification Available; Balcony/Deck

Heating

Hot Water Radiators; Unit Control

Rent Includes

Water

Unit 3 Details

Rooms: 7
Beds: 4
Baths: 1
Levels: 1
Floor: 3
Rent: $3,430

Rooms

Living Room; Dining Room; Kitchen; Office/Den

Appliances

Range; Refrigerator

Interior Features

Cable TV Available; Pantry; Lead Certification Available; Balcony/Deck

Heating

Hot Water Radiators; Gas; Individual

Rent Includes

Water

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. This listing is courtesy of Weidong Li from Winn Real Estate & Consulting. Updated Oct 21, 2022 9:30:04 AM

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