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Map
$2,050,000
●
Multifamily -
Off Market
72 Beacon Street
Somerville, MA 02143
13 Beds
6 Baths
$12,166
Estimated Monthly
About This Property
72 Beacon Street offers the opportunity to acquire a fully leased,
turnkey investment in an exceptional, urban-infill location at a
5.93% cap rate on current income. The subject property is ideal for
a potential buyer looking for income growth and strong investment
returns. The Property has undergone extensive interior renovations
featuring condo quality finishes including brand new kitchens with
custom cabinets, quartz counter tops and stainless-steel
appliances, updated bathrooms with new tile flooring and high-end
fixtures, hardwood floors, central air-conditioning, dishwashers
and laundry in each unit. Additionally, all of the building's
mechanicals have been replaced. Building amenities include a
private yard, and two off-street parking spaces. Somerville's
outlook is bright, and rental continues at a steady rate. The
submarket continues to accelerate as the city's transportation
infrastructure expands and rents are expected to rise over the
coming years.
Unit Size
-
Days on Market
153 days
Land Size
0.10 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,363
HOA Dues
-
Year Built
1900
Last updated: 5 months ago (MLSPIN #73139139)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 21, 2023 | Sold to Yushan Wang | $2,050,000 | |
Sold to Yushan Wang | |||
Sep 5, 2023 | In contract | - | |
In contract | |||
Jul 21, 2023 | Listed by Horvath & Tremblay | $2,200,000 | |
Listed by Horvath & Tremblay | |||
Mar 3, 2021 | Sold | $1,400,000 | |
Sold |
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Bathroom Information
Full Bathrooms: 6
Interior Information
Interior Features: Storage
Appliances: Unit 1(Dishwasher, Washer, Dryer), Unit 2(Dishwasher, Washer, Dryer), Unit 3(Dishwasher, Washer, Dryer)
Room Information
Rooms: 19
Basement Information
Basement: Unfinished
Exterior Details
Property Information
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Building Information
Stories (Total): 6
Building Area Units: Square Feet
Lead Paint: Certified Treated
Lot Information
Lot Features: Easements
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Zoning: NR
Parcel Number: 757218
Land Information
Water Source: Public
Financial Details
Tax Assessed Value: $1,581,600
Tax Annual Amount: $16,354
Utilities Details
Cooling Type: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
Heating Type: Unit 1(Forced Air), Unit 2(Forced Air), Unit 3(Forced Air)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
12
Beds
5
Baths
-
$1,862,000
Sep 7, 2018
$1,862,000
Nov 7, 2018
$915/mo
Sold
Multifamily
9
Beds
3
Baths
-
$2,150,000
Oct 30, 2023
$2,150,000
Dec 1, 2023
$1,200/mo
Multifamily
11
Beds
10
Baths
-
$2,562,500
May 22, 2015
$2,562,500
Aug 17, 2015
$1,250/mo
Multifamily
9
Beds
3
Baths
-
$2,550,000
Feb 10, 2022
$2,550,000
Mar 1, 2022
$950/mo
Sold
Multifamily
8
Beds
3
Baths
-
$2,300,000
Sep 15, 2021
$2,300,000
Oct 8, 2021
$929/mo
Sold
Multifamily
7
Beds
4
Baths
-
$1,910,000
Nov 1, 2017
$1,910,000
Jan 5, 2018
$695/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|