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49 Porter St, Somerville, MA 02143

$1,600,000 Just Listed

49 Porter St, Somerville, MA 02143 View this property at 49 Porter St, Somerville, MA 02143
49 Porter St Somerville MA 02143

Property Description

New rare to find fully leased 3 family in coveted Porter Sq. Walking to Porter T stop, bars and excellent culinary cuisines. Blocks away from the Cambridge Line. Excellent rental location and long term upside potential. All units leased until Aug 31, 2017, with 7% escalation clauses if renewed for 2018, turnkey property. Strong credited tenants. Collect positive cash flow from Day 1. Two of three units are in renovated condition with the potential to upgrade Unit 1 and increase income. HW floors. Utilities individually metered, spacious rooms, Maintenance free Vinyl Siding, Laundry coin-op basement 55/mo income, 2nd Floor unit Includes is off-street parking for 150/mo. Large Fenced in yard, Front & Back decks off units. See
attached Flr Plan. Open House Thur 12/1 (1p-2pm), Sun 12/4 (1-2pm), Wed 12/7 (1-2p). Only showings @ OH, bids due Thur 12/8 @ Noon

Full Property Details for 49 Porter St

  • Price: $1,600,000
  • Taxes: $11,322 (2016)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 72097234
  • Updated: 12/4/2016
  • Added: 4 day(s) ago

Property History

  • 49 Porter St, Somerville, MA
  • Listed at $1,600,000 on 11/30/16

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 12

Parking

  • Parking Features: Off-Street, Tandem, Paved Driveway

Location

  • County: Middlesex

Structural Information

  • Architectural Style: 3 Family
  • Basement: Yes
  • Stories Description: 3
  • Square Feet: 4,110
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,948

Financial Considerations

  • Tax Amount: $11,322
  • Tax Year: 2016

Listed by Boston Investments, Tony Madan

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49 Porter St will cost you if you:

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In the Community

Nearby Schools

49 Porter St, Somerville, MA 02143 (MLS# 72097234) is a Multi-Family property with 3 units containing 12 bedrooms and 3 full bathrooms. 49 Porter St is currently listed for $1,600,000 and was received on November 30, 2016. Want to learn more about 49 Porter St? Do you have questions about finding other Multi-Family real estate for sale in Somerville? You can browse all Somerville real estate or contact a Coldwell Banker agent to request more information.

Listed by Boston Investments, Tony Madan

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