• 8 / 7
  • 6
  • 6920
  • 1910
  • 462
  • 3,920
Under Agreement Status Multi-Family
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RARE...RARE...RARE OPPORTUNITY! Only HALF A MILE TO DAVIS SQ. Exceptional BRICK 5 UNIT RESIDENTIAL BUILDING with DOUBLE RETAIL STOREFRONT SPACE. Fantastic opportunity for future growth and appreciation with the new proposed GREEN LINE STOP less than a mile away and TUFTS just over a quarter from the property. Future expansion of Teele Sq may also include a proposed hotel across the street which has been met with positive feedback. TOTAL CURRENT GROSS MONTHLY INCOME IS $15,150(Projected $16,900) / GROSS ANNUAL INCOME $181,800 (Projected $202,800)...Only two of the rental units have leases, the other three are Tenants At Will. Overall condition of the building is very good to excellent. Rated a Very Walkable Walk Score of 89! Current Zoning is NB (Neighborhood Business). New proposed zoning to be confirmed in 2019 will be MR4 which will allow for limited expansion.

Address: 1153 Broadway
State: MA
City: Somerville
County: Middlesex
Zip Code: 02144
MLS#: 72440232
MLS Area:
Taxes: $22,296

Interior Details

  • Appliances:
  • Amenities:Public Transportation, Shopping, Park, Laundromat, Highway Access, House Of Worship, Public School, T-Station, University
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:
  • Heating:
  • Other Rooms:15

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:
  • Garage Spaces:
  • Pool:No
  • Utilities:
  • Lot Description:Other (See Remarks)
  • Lot Size:4001.00
  • Foundation:Fieldstone
  • Sewer:City/Town Sewer

Community Details

  • Misc:5+ Family - 5+ Units Side by Side

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:At the intersection of Broadway and Holland Street in Teele Square...
Property Information Last Updated: 1/18/2019 6:30:30 PM
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