Hillman Homes
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listing
1 of 32
MultifamilyFor Sale
$8,888,000
250-256 Somerville Ave
Somerville, MA 02143
Courtesy of Senne - William Senne
MLS Property Information Network
24Beds
12Baths
13,543Sq Ft
Est. Mortgage
$45,978/mo

Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). The current leasing season is supporting projected gross rents of approximately $580,000. Historical operating expenses of about $65,000. Projected NOI from operations of $515,000! Projected gross rents based on units renting at $3,950 and 4 parking spaces at $300. Private showings for qualified buyers only.

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Information courtesy of Senne is subject to verification and is not guaranteed.
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