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57 Days on Boston Pads
10
$3,200,000
Total Beds: 99 Total Baths: 198
Total Units: 7 SQFT: 7629
LOT size: 0.18 Acres
126 Pearl Street
Somerville, MA 02145

Property Description

126 Pearl Street is a newly-renovated, three-story mixed-use building with four (4) retails units and three (3) residential units, all within 13,131 square feet of total gross area on a 0.18-acre parcel. The Property has undergone substantial renovations including a gut renovation with modern amenities throughout, new HVAC systems in all units, new plumbing and electrical throughout, all new windows, repair of framing, foundation and exterior. The Property is comprised of residential units on the second and third floors, which consist of three (3), 2-Bedroom/1-Bathroom units, featuring brand new granite countertops, cabinets, stainless steel appliances, dishwashers & hardwood floors throughout. All four retail units were completely renovated and delivered as a shell with brand new HVAC. 126 Pearl Street is exceptionally well-located, within walking distance to Assembly Row, MBTA Sullivan Square Station and many more amenities!

Property Details

Building Information

  • Total Units: 7
  • Total Rent: 18360
  • Total Floors: 6
  • Levels: 3
  • Total Rooms: 10
  • RMS: 99
  • Total Bedrooms: 99
  • Total Full Baths: 99
  • Total Half Baths: 99
  • Amenities: Highway Access, Other (See Remarks), Park, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Unfinished Basement
  • Common Rooms: Other (See Remarks)
  • Common Interior Features: Other (See Remarks)
  • Common Appliances: Other (See Remarks)
  • Common Heating: Extra Flue, Heat Pump, Other (See Remarks)
  • Common Cooling: Other (See Remarks)

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Other (See Remarks)
  • Expenses Year End: 99/99
  • Gross Operating Income: 220320
  • Gross Expenses: 34318
  • Net Operating Income: 186003

Utilities

  • Hot Water: Natural Gas
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Other (See Remarks)
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 2095
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 1
  • Bedrooms: 2
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior Features: Crown Molding, Hardwood Floors, Stone/Granite/Solid Counters
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Unit 2 Description

  • Rent: 2795
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 3
  • Floors: 2
  • Bedrooms: 2
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior Features: Crown Molding, Hardwood Floors, Stone/Granite/Solid Counters, Storage
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Unit 3 Description

  • Rent: 2795
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 3
  • Floors: 3
  • Bedrooms: 2
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior Features: Crown Molding, Hardwood Floors, Stone/Granite/Solid Counters
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown

Other Information

  • MLS ID# 72760669
  • Last Updated: 01/20/21

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