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19 Central Street

Somerville, MA 02143
  • $15,000,000
  • STATUS: Active
  • MLS #: 72921917
UPDATED: 26 min ago
$15,000,000
  • 99
    BEDS
  • 0.56
    ACRES
  • 30
    BATHS
  • 0
    1/2 BATHS
  • 999
    SQFT
  • $15,015
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1977
County:
Area:

School Ratings & Info

Listing courtesy of John Pentore of Horvath & Tremblay.

Description

The beautifully maintained, three-story building contains (30) residential units consisting of (15), 1-Bedroom/1-Bedroom units, (12), 2-Bedroom/1-Bathroom units, and (3), studio units in 20,580 sqft. of living area on a 0.56-acre parcel with parking for 33 vehicles. Since the buildings acquisition in 2019, 19 Central has undergone extensive renovations under current ownership. The majority of the units have been renovated with updated kitchens, bathrooms and flooring throughout. Additional renovations include refreshed common areas, updated electrical and window pane replacements. Building amenities include an on-site laundry facility, private storage, indoor bike racks and wall air conditioning units for all apartments. Located in the Spring Hill neighborhood of Somerville, in the path of the future Green Line Extension, the Property offers the rare opportunity to acquire a generational multi family asset with significant upside potential in one of the hottest real estate markets.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-12-05T20:08:00.23.
www.parrottrealtygroup.com/homes/123422627
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19 Central Street Somerville, MA 02143

  • Price: $15,000,000
  • Status: Active
  • On Site: Days
  • Updated: 26 min ago
  • MLS #: 72921917
99
Beds
30
Baths
0
½ Baths
0.56
Acres
999
SQFT
$15,015
$/SQFT
1977
Built
Neighborhood:
Spring Hill
County:
Middlesex
Area:
Spring Hill
Property Description
The beautifully maintained, three-story building contains (30) residential units consisting of (15), 1-Bedroom/1-Bedroom units, (12), 2-Bedroom/1-Bathroom units, and (3), studio units in 20,580 sqft. of living area on a 0.56-acre parcel with parking for 33 vehicles. Since the buildings acquisition in 2019, 19 Central has undergone extensive renovations under current ownership. The majority of the units have been renovated with updated kitchens, bathrooms and flooring throughout. Additional renovations include refreshed common areas, updated electrical and window pane replacements. Building amenities include an on-site laundry facility, private storage, indoor bike racks and wall air conditioning units for all apartments. Located in the Spring Hill neighborhood of Somerville, in the path of the future Green Line Extension, the Property offers the rare opportunity to acquire a generational multi family asset with significant upside potential in one of the hottest real estate markets.
Exterior Features

Beachfront No Construction Brick Exterior Brick Foundation Other (See Remarks) Lot Description Other (See Remarks) Parking Features Off-Street Parking Spaces 33 Road Type Public Roof Material Asphalt/Fiberglass ShinglesTar & Gravel Waterfront Flag No

Interior Features

Basement Yes Basement Features FullWalk Out Bedrooms Unit1 9 Bedrooms Unit2 9 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Floors Unit1 1 Floors Unit2 2 Full Baths Unit1 9 Full Baths Unit2 9 Half Baths Unit1 0 Half Baths Unit2 0 Hot Water Natural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Rooms 198 Rooms Common Laundry Rooms Unit1 99 Rooms Unit2 99

Property Features

Apod Available Yes Assessments 4693300.00 Disclosure No Expenses Year End 99/99 Gross Operating Income 741928 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lender Owned No Multifamily Type 5+ Family - 5+ Units Up/Down Net Operating Income 546401 Rent Unit1 9999 Rent Unit2 9999 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2021 Taxes 49740.00 Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning Ur

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of John Pentore of Horvath & Tremblay.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-12-05T20:08:00.23.
 
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Parrott Realty Group | Keller Williams Gateway Realty
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Nashua NH, 03063
Listing courtesy of John Pentore of Horvath & Tremblay.