$1,999,999 ($642.05 per sqft)

Est. Mortgage $9,465/mo *

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148-150-18 Pearl St, Somerville, (East Somerville), MA, 02145

148-150-18 Pearl St, Somerville, (East Somerville), MA, 02145
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18 rooms

9 beds

4 Full baths

1910

3,115 sqft

OPEN HOUSE CANCELED Prime investment opportunity in the heart of Somerville! Estimate 7-8 % cap rate with market value rentals approx $150,000.00 per year.This mixed-use property on Pearl Street and 18 Flint Ave boasts 3 spacious residential units and 1 commercial unit, offering diverse income streams. Located in an up-and-coming area, it’s perfect for investors looking to capitalize on the potential for both fix-and-flip and long-term strategy. Situated on bustling Pearl Street in Somerville, the property is surrounded by new developments, trendy shops, and eateries, enhancing its appeal. Whether you're looking to renovate and sell for a profit or hold for consistent rental income, this property offers flexible investment opportunities. Don't miss out on this rare find in a rapidly developing area. Secure your foothold in Somerville's thriving real estate market today! Group Showing schedule for next week. Group Showing Friday 4:00-5:30 - Saturday 1:00-2:30.

Status:

Active

Town:

Somerville

Type:

Multi-family

Units:

3

Zoning:

RB

Garage:

2-car

Heating:

Natural Gas, Central

Cooling:

Central Air

Basement:

Full

Levels:

3

Parking:

6-car, Paved Drive, Paved

Acreage:

0.1

Est. Taxes:

$10,803

Assessment

$1,026,900

Construction

Frame

Utilities

for Gas Range

Amenities:

Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station

Elementary School:

Kesher

Middle School:

East Somerville

High School:

High Somerville

Appliances:

Range, Refrigerator, Washer, Dryer

MLS #:

73270853

Sub Agent Compensation:

0

Facilitator Compensation:

2

Compensation Based On:

Gross/Full Sale Price

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Viviane Alvarenga, Century 21 North East Phone: 978-774-2770