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You are here:
Home Massachusetts Somerville Multi-Family Homes for Sale

34 & 40 Crescent St Somerville, MA 02145
30 Days on Boston Pads
18 Photos
$3,425,000
5 Unit
19 Beds
6 Baths
6902 SQFT
0.17 Acre
34 & 40 Crescent St
Somerville, MA 02145
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Property Description

34 & 40 Crescent consists of two adjacent buildings (each on its own tax parcel) with five residential units consisting of two 3-Bedroom/1-Bathroom units, two 4 Bedroom/1-Bathroom units, and one 5-bedroom/2-bathroom unit. The Properties are turn-key with condo quality finishes including new luxury vinyl plank flooring throughout, new kitchens with new cabinetry with granite countertops, stainless steel appliances and new bathrooms with modern amenities. Additionally, all units have laundry inside their respective apartments. Each unit features new, forced hot air heating and central air conditioning systems as well as tankless, on demand Navien hot water systems. The buildings are separately metered for heat, hot water and electricity in which the tenants pay directly. The Properties also feature a shared parking lot with capacity for four cars. 34 & 40 Crescent Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location.
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Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 19
  • Total Full Baths: 6
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, Walk/Jog Trails
  • Basement Features: Unfinished Basement
  • Common Appliances: Dryer, Washer
  • Common Heating: Forced Air, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Gross Operating Income: 265200
  • Gross Expenses: 49662
  • Net Operating Income: 215538

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73258250
  • Last Updated: 07/01/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
07/01/2024Active$3,425,000$496MLSPIN
06/27/2024New$3,425,000$496MLSPIN

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Seller's Representative: John Pentore, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2024-07-01 03:06:00

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