148-150-18 Pearl St Active Save Request In-Person Tour Request Virtual Tour
Somerville,MA 02145
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,115 sqft
Price per Sqft $609
MLS Listing ID 73270853
Bedrooms 9
Full Baths 4
Year Built 1910
Annual Tax Amount $10,803
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
A very unique investment opportunity in the heart of Somerville! 4 units Entrance trough Pearl and Flint St /Estimate 7-8 % cap rate with market value rentals approx $150,000.00 per year.This mixed-use property on Pearl Street and 18 Flint Ave boasts 3 spacious residential units and 1 commercial unit, offering diverse income streams. Located in an up-and-coming area, it?s perfect for investors looking to capitalize on the potential for both fix-and-flip and long-term strategy. Situated on bustling Pearl Street in Somerville, the property is surrounded by new developments, trendy shops, and eateries, enhancing its appeal. Whether you're looking to renovate and sell for a profit or hold for consistent rental income, this property offers flexible investment opportunities. Don't miss out on this rare find in a rapidly developing area. Secure your foothold in Somerville's thriving real estate market today! DELIVER VACANT
Location
State MA
County Middlesex
Zoning RB
Interior
Heating Natural Gas,Central
Cooling Central Air
Flooring Tile,Hardwood
Exterior
Garage Spaces 2.0
Community Features Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Bike Path,Highway Access,House of Worship,Public School,T-Station
Utilities Available for Gas Range
Waterfront false
Roof Type Wood
Building
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Kesher
High Schools High Somerville