Pending
52, 54 Bonair Street
Somerville MA, 02145
$3,695,000
$413.45 per sqft
Pending
21 Beds
10 Baths
8,937 sqft
Multi-family
Built in 1900
ATTENTION...ATTENTION...a very rare opportunity, 10 units in solid shape, almost 9000 square feet of living space, 21 bedrooms, 10 bathrooms, 4 off road tandem parking spots. New roofs, newer electrical, new natural gas, all the big money items taken care of. One of the hottest rental markets in the country, with property values rising, don't miss this chance. Separate utilities, heat, water, electric, all rents underpriced, but are Tenants at will. 4 off road tandem parking spots between both buildings. 2 separate deeds for the 2 properties. New roof, newer electric, and newer natural gas. All tenants, therefore, have separate utilities, and pay electricity, heat, gas. Yearly rent $240,000. and are under market, bring these up to market value, make a great cap rate and a rental beast. Somerville right off McGrath a great location and proximity to all that is Cambridge, Somerville, and Boston. Both buildings create an investment compound that is absolutely incredible.
73149807
MLSⓇ ID
August 17, 2023
Listed
May 9, 2024
Updated
Map
52, 54 Bonair Street
Somerville MA, 02145
Interior Features
Total Stories
6
Bedrooms
21
Total Bathrooms
10
Laundry Description
Electric Dryer Hookup
Floor Description
Hardwood
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
Corner Lot
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Area Name
Winter Hill
Taxes
$31,776
Tax Frequency
Annually
Days on Market
178
Garage
No
Parking
Paved Drive, Off Street, Tandem
Parking Total
4
View
No
County
Middlesex
Water Source
Public
Pool
No
Zoning
RB
Buyer Agency Compensation
2%
Courtesy of Robert Downer, R.E.D. Development & Real Estate Group
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
©2024 MLS Property Information Network, Inc. All rights reserved.
Data last updated 2:45 AM UTC, 5/9/2024
