1 Beacon St Somerville, MA 02143
16 bed / 8 bath / 6,812 Sq. Ft. / 5,663 Sq. Ft., 0.13 acres lot size / Multi-Family
Status: Sold
Listing Courtesy of: John Pentore -
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One Beacon, 6.70% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.
property details
Type
Multi-Family
Status
Closed
County
Middlesex
Year Built
1900
Beds
16
Full Baths
8
Sq. Ft.
6,812
Lot Size
5,663 Sq. Ft., 0.1 acres
Listing Id
73226159
Courtesy Of
John Pentore -
Interior Features
Appliances
Washer
Dryer
Dryer
Living Area Units
Sq. Ft.
Rooms Total
24
Full Baths
8
Bathrooms Total
8
Exterior Features
Roof
Rubber
Lot/Land Description
Corner Lot
Parking
Off Street
Foundation
Other
Stories
10
Parking Spaces
4
Utility & Building Info
Sewer
Public Sewer
Parcel Number
758571
Cooling
Central Air
Water Source
Public Water
Heating
Forced Air
Tax Amount
30909
Building Area Total
6,812 Sq. Ft.
Price Per Sq Ft
$646
Architectural Style
3+ Story
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.
Price History
| date | event | price | source |
|---|---|---|---|
|
08/03/2024
08/03/2024
|
Sold |
$4,250,000
|
MLSPIN - MLS Property Information Network |
|
06/24/2024
06/24/2024
|
Pending |
$4,400,000
|
MLSPIN - MLS Property Information Network |
|
06/16/2024
06/16/2024
|
Active |
$4,400,000
|
MLSPIN - MLS Property Information Network |
|
06/05/2024
06/05/2024
|
Active |
$4,550,000
|
MLSPIN - MLS Property Information Network |
|
04/19/2024
04/19/2024
|
Active |
$4,600,000
|
MLSPIN - MLS Property Information Network |
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