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250 Highland Ave, Somerville

$1,600,000

8 Beds
3 Baths
3,429 Sqft
.1 Acres
0 Garages

Excellent investment opportunity in the prime Somerville Spring Hill neighborhood, next to Davis Square. Condo quality kitchens and baths in all 3 apartments can be found in this well maintained building on a corner lot with rare 4+ parking. High quality tenants are attracted to this hip location just steps to Davis Square and the community bike path, 3 Little Figs, the Armory, Porter Square. Multiple MBTA stops are short distances away including the new Magoun Square Green line & Porter Square Red line stop. Each unit has separate utilities and features gleaming hardwood floors, granite counter-tops, custom hardwood cabinets, and crown molding. Units 1 and 2 have Stainless steel appliances. The basement includes designated storage areas and two sets of coin-op washer/dryers which ultimately pay for the common water reducing your operating expenses. Fully leased with a rent roll of $8680/month which is approximately $900/month below market rates. Group showing Tuesday 11/15 from 3-4pm

Essential Information
MLS® #73057970
Price$1,600,000
Bedrooms8
Bathrooms3.00
Full Baths3
Square Footage3,429
Acres0.10
Year Built1905
TypeResidential Income
Sub-Type3 Family
StatusActive
Community Information
Address250 Highland Ave
AreaSpring Hill
CitySomerville
CountyMiddlesex
StateMA
Zip Code02143
Amenities
Utilitiesfor Gas Range, for Gas Dryer
Parking Spaces4
ParkingPaved Drive, Off Street
Interior
# of Stories6
Exterior
WindowsInsulated Windows
School Information
ElementaryChoice
MiddleChoice
HighSomerville High
Additional Information
ZoningR

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Agent: The Moving Greater Boston Team

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