FOR SALE
$4,600,000
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1 Beacon St
Somerville, MA 02143

Multi-Family
Residential
16
Beds
8
Baths
6,812
Sq. Ft.
0.13
Acre Lot
Courtesy: John Pentore - Horvath & Tremblay

Description for 1 Beacon St Somerville, MA 02143

Agent Websites> Massachusetts> Somerville> 02143
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.

Property Details

73226159
Multi-Family, Other
16
Middlesex
8 Full
1900
0.13 Acres
Public
10
Public Sewer
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Courtesy: John Pentore - Horvath & Tremblay
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