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160 Broadway
Somerville, MA 02145
Mixed-Use Building on Broadway-E. Somerville · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 11,262 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1880/1990 |
| Building Class | B | ||
| Zoning | BA | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 11,262 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1880/1990 |
| Zoning | BA |
ABOUT 160 BROADWAY , SOMERVILLE, MA 02145
Excellent Investment in emerging Market area on busy main street, close to lots of restaurants and public T and buses. Easy access to Boston. The bottom portion of the building is 3 sides of brick. The store fronts all have separate entrances and full glass panes for good store front exposure. The current tenant occupying all 4 bays will be vacating. We believe since the building was gutted that there is minimal lead paint if any in the interiors. All the units are TAW so anyone coming in to purchase the property could do some minimal upgrades and raise the rents to market value easily. Getting the debt to income ratio up quickly and achieving a reasonable return in a very short period.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,400 | 750 - 800 |
| 4+1 | 4 | $2,500 | 1,300 - 1,400 |
PROPERTY TAXES
| Parcel Number | SOME M:90 B:D L:1 | Improvements Assessment | $1,863,700 |
| Land Assessment | $355,500 | Total Assessment | $2,219,200 |
PROPERTY TAXES
