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

220 Summer St Somerville, MA 02143

$1,850,000
3 Unit
8 Beds
4 Baths
3376 SQFT
0.07 Acre
220 Summer St
Somerville, MA 02143

Property Description

Group showing: 1-2PM, Sun, 8/25/24. Opportunity knocks! Exceptional three-family residence situated within 1 mile to Porter Sq, David Sq, Union Sq and Magoun Sq, as well as Harvard U. and Lesley U. This newly renovated three-family property offers a compelling opportunity for investors seeking stable, long-term returns, or condo conversion, or a buyer looking for an owner-occupied three-family to live in while generating income to put towards your mortgage. The expansive first unit features three generously sized bedrooms and two full baths. Second unit comes with three bedrooms and a full bath. Third unit offers two bedrooms and one bathroom. Both unit 1 and 2 have a back porch. The spacious driveway can fit three cars. All units already renewed the leases: Unit#1/$3700 per month; Unit#2/$3300 per month; Unit#3/$2900 per month. High ceiling of the full size basement and all units provides perfect opportunity to developers. Pls come and check it out. Don’t miss out the opportunity

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Total Fireplaces: 2
  • Amenities: Bike Path, Highway Access, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo
  • Common Interior Features: Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Freezer, Refrigerator, Washer, Washer Hookup
  • Common Heating: Electric Baseboard, Extra Flue, Forced Air, Gas, Heat Pump, Oil, Oil, Radiant

Financial

  • APOD Available: No
  • Expenses Source: Not Available
  • Gross Operating Income: 118800
  • Net Operating Income: 117600

Utilities

  • Heat Zones: 2
  • Electric Info: 110 Volts, On-Site
  • Energy Features: Other (See Remarks), Varies per Unit
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • 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: Heat, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

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

Construction

  • Year Built: 1886
  • Type: 3 Family
  • Construction Type: Aluminum, Frame, Post & Beam, Stone/Concrete, Stucco
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73280900
  • Last Updated: 08/31/24
  • Terms: Other (See Remarks), Special

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
08/31/2024Contingent$1,850,000$548MLSPIN
08/26/2024Active$1,850,000$548MLSPIN
08/22/2024New$1,850,000$548MLSPIN

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Seller's Representative: Nathan Long, Coldwell Banker Realty - Cambridge

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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 2024-08-31 11:54:00