Active
1 Beacon St
Somerville MA, 02143
$4,600,000
$675.28 per sqft
Active
16 Beds
8 Baths
6,812 sqft
Multi-family
Built in 1900
One Beacon, 6.41% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville's Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina's Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.
73226159
MLSⓇ ID
April 19, 2024
Listed
May 1, 2024
Updated
Map
1 Beacon St
Somerville MA, 02143
Interior Features
Total Stories
10
Bedrooms
16
Total Bathrooms
8
Appliances
Washer, Dryer
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.13 Acres
Exterior Features
Balcony/Deck
Lot Features
Corner Lot
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Area Name
Inman Square
Taxes
$30,909
Tax Frequency
Annually
Days on Market
12
Garage
No
Parking
Off Street
Parking Total
4
View
No
County
Middlesex
Water Source
Public
Pool
No
Zoning
MR4
Buyer Agency Compensation
2%
Courtesy of John Pentore, Horvath & Tremblay
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Data last updated 8:12 PM UTC, 5/1/2024
