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For more information on this property, contact Katya Pitts at 617335-8552 or katya.a.pitts@gmail.com

96 Cedar St
Somerville, Massachusetts MA 02143-1321
Sold For: $2,625,000
Listing ID 73046312
Status Closed
Bedrooms 15
Full Baths 6
Total Baths 9
Partial Baths 3
SqFt 6,000
Acres 0.180
Year Built 1900

Property Description:

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.

Primary Features

Half Baths: 3
County: Middlesex
Property Sub Type: 5+ Family - 5+ Units Up/Down
Property Type: Residential Income
Year Built: 1900

Interior

Bathrooms Total Decimal: 7.5
Building Area Units: Square Feet
Living Area: 6000
Rooms Total: 26
Stories Total: 7

External

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

Location

Building Area Source: Public Records
Country: US
Directions: Cedar Street
Waterfront: no
Zoning: RB

Additional

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: Sold
FLRS 1: 1
Offline List Number: 3504897
Page: 196
SqFt Includes Basement: No
Team Member: NB113559,CN227033,NB110395
Year Built Details: Approximate
Year Built Source: Public Records

Financial

Buyer Agency Compensation: 1
Compensation Based On: Gross/Full Sale Price
Current Financing: Other
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: 441.67
Net Operating Income: 131100
Operating Expense: 30000
Price Per SqFt: 437.5
Sub Agency Offered: No
Tax Annual Amount: 19559
Tax Assessed Value: 1921300
Tax Book Number: 55238
Tax Year: 2022
Total Actual Rent: 14350

Zoning Info


Area Info


© 2024 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 Thursday, March 28th, 2024. 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 Leading Edge Real Estate directly for additional information pertaining to the status and availability of properties displayed on this website.

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