Big price reduction on this AMAZING CONDO!!!The Best located Condo
in Somerville, Dead End street, Steps from Porter Square with
a Walk Score ® of 94. Everything you need and want is steps
away, T station, fine restaurants, super Markets, shopping and a
pleasant 10-12 minute walk to the, Harvard, David Square or Union
Squares, this location is a paradise for city living. Situated
right on the Cambridge line, Minute Man Bikeway, Lesley University
& Radcliffe College in Cambridge. 2 levels of open and modern
space, 3 bd, 2 ba 2 Amazing Decks for private outdoor spaces.
Great back yard space for Summer Fun. Condo was gutted to the
studs and built new with emphasis on design. New plumbing,
electric,window, Roof, Hardie Board Siding, heating, AC,
floors,bath,kitchens......etc. Come fall in love with it before
it's gone.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
-
Price per sqft
$706
Property Type
Condo
Property Taxes
-
HOA Dues
$175
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Appliances: Refrigerator, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range - ENERGY STAR, Oven - ENERGY STAR, Gas Water Heater, Tank Water Heaterless, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Hardwood
Laundry Features: In Unit, Washer Hookup
Rooms: 6
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 2
Security Features: TV Monitor, Other
Year Built Source: Public Records
Year Built Details: Actual, Finished, Never Occupied
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Owner Association
9 Adelaide
#2,
Somerville, MA,
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