Somerville, MA 02143,1 Beacon St
Somerville, MA 02143,1 Beacon St
Somerville, MA 02143,1 Beacon St
Somerville, MA 02143,1 Beacon St
Somerville, MA 02143,1 Beacon St
Somerville, MA 02143,1 Beacon St
See all 23 photos

$4,250,000

$4,400,000

3.4%
Est.Price: ?

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Est. payment /mo

16 Beds

8 Baths

6,812 SqFt


SOLD DATE : 07/26/2024

Key Details

Sold Price $4,250,000

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,812 sqft

Price per Sqft $623

MLS Listing ID 73226159

Sold Date 07/26/24

Bedrooms 16

Full Baths 8

Year Built 1900

Annual Tax Amount $30,909

Tax Year 24

Lot Size 5,662 Sqft

Acres 0.13

Property Description

One Beacon, 6.70% 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.

Location

State MA

County Middlesex

Area Inman Square

Zoning MR4

Direction Please use GPS

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Central Air

Appliance Washer, Dryer

Exterior

Exterior Feature Balcony/Deck

Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University

Waterfront false

Roof Type Rubber

Total Parking Spaces 4

Garage No

Building

Lot Description Corner Lot

Story 10

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Horvath & Tremblay
Bought with Siyin Qu • eXp Realty
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+1(774) 245-3080

christopher@modernmoves.com

Licensed in MA & NH, United States

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