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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
MLS Listing ID: | 73270853 |
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Listing Price: | $1,897,700 |
Listing Status: | Active [?] |
Property Type: | Multi Family |
Bedrooms: | 9 |
Full Baths: | 4 |
Living Space: | 3115 sf. |
Lot Size: | 0.1 acres (4550 sf.) |
Parking: | Yes |
Taxes: | $10,803.00 |
Tax Year: | 2024 |
Listing Current as of October 30, 2024 9:00am
This listing brought to you by Viviane Alvarenga of Century 21 North East.
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