Listing ID73046312
Price$2,950,000
StatusActive
Bedrooms15
Total Baths9
Full Baths6
Partial Baths3
SqFt
6,000
Acres
0.180
CountyMiddlesex
Year Built1900
Property TypeResidential Income
Property Sub Type5+ Family - 5+ Units Up/Down
100% Leased with close proximity to Davis St. & Porter Sq. Property has a strong in place income with upside potential. 94-96 Cedar Street is a geographically well positioned multi-family property in Somerville, MA. It is conveniently located .5 miles from MBTA’s Porter Square red line stop, .1 miles from the 88 and 90 bus lines,and provides easy access to I-93. 94-96 Cedar’s unique proximity to multiple prestigious universities and world-renowned economic centers presents an opportunity for a savvy investor to gain exposure to one of the highest demand housing markets in the country.
Half Baths
3
County
Middlesex
Property Sub Type
5+ Family - 5+ Units Up/Down
Property Type
Residential Income
Year Built
1900
Bathrooms Total Decimal
7.5
Building Area Units
Square Feet
Living Area
6000
Rooms Total
26
Stories Total
7
Farm Land Area Units
Square Feet
Foundation Details
Other
Lot Features
Other
Lot Size Area
0.18
Lot Size Square Feet
7691
Lot Size Units
Acres
Number Of Units Total
4
Parking Total
6
Sewer
Public Sewer
Water Source
Public
Building Area Source
Public Records
Country
US
Directions
Cedar Street
Waterfront
no
Zoning
RB
FLRS 2
1
FLRS 3
1
FLRS 4
2
GRE
30000
Lead Paint
Unknown
Levels 1
2
Levels 2
2
Levels 3
2
Levels 4
1
Listing Alert
No
Mls Status
Active
FLRS 1
1
Offline List Number
3504897
Page
196
SqFt Includes Basement
No
Team Member
CN251403,NB113559,CN227033,NB113564,NB110395
Year Built Details
Approximate
Year Built Source
Public Records
Buyer Agency Compensation
1
Compensation Based On
Gross/Full Sale Price
Disclosure
N
Down Payment Resource
No
Financial Data Source
Owner
Gross Income
161100
Lease 1
Y
Lease 2
Y
Lease 3
Y
Lease 4
Y
List Price Per SqFt
491.67
Net Operating Income
131100
Operating Expense
30000
Price Per SqFt
491.67
Sub Agency Offered
No
Tax Annual Amount
19559
Tax Assessed Value
1921300
Tax Book Number
55238
Tax Year
2022
Total Actual Rent
14350
© 2023 MLS Property Information Network, Inc. (MLSPIN). 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. This information was last updated on Friday, March 31st, 2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Please contact RE/MAX LEading Edge directly for additional information pertaining to the status and availability of properties displayed on this website.Schedule a Showing - Listing ID 73046312
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