100-102 Cross St Somerville MA 02145 MLS #73048966

100-102 Cross St
Somerville, MA, 02145
$1,349,900
4 Beds
4 Baths
3,218 SqFt
0.14 Acres
$1,349,900
100-102 Cross St
Somerville, MA, 02145
LESS THAN HALF A MILE TO THE NEW EAST SOMERVILLE GREEN LINE STOP… VERY RARE FIND… ALL 4 RESIDENTIAL UNITS HAVE A REMOVAL PERMIT TO DO A CONDO CONVERSION…no wait, no typical red tape, YOU’RE GOOD TO GO!. FIVE CAR NON TANDEM PARKING…Two seperate but attached structures. This is MIXED USE PROPERTY w/ 2 buildings…including a seperate commercial office… the other attached building includes 4 residential units. The commercial side has a reception area, conference room & 3 seperate offices w/ rear storage area. The residential structure has 4 units including 2 – studios and 2 – one bedroom units. The residential side includes a vacant unit, two other units are leaving (and on the list for housing) and the other residential lease expires at the end of December. Possible expansion of 102 side could potentially add up to 2,000 sq ft. The commercial side must stay commercial and can not be converted to residential. Seperate utilities. FANTASTIC INVESTMENT OR FUTURE CONVERSION!

Property Details

Price:
$1,349,900
MLS #:
73048966
Status:
Closed ((Jul 14, 2023))
Beds:
4
Baths:
4
Address:
100-102 Cross St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Somerville
Listed Date:
Oct 17, 2022
State:
MA
Finished Sq Ft:
3,218
ZIP:
02145
Lot Size:
5,881 sqft / 0.14 acres (approx)
Year Built:
1900

Schools

Interior

Bathrooms
4 Full Bathrooms, 1 Half Bathroom

Exterior

Community Features
Public Transportation
Construction Materials
Frame, Brick
Parking Features
Paved Drive, Off Street, On Street, Paved

Financial

Buyer Agent Compensation
2.125%
Net Operating Income
$70,800
Tax Year
2021
Taxes
$20,006
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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100-102 Cross St
Somerville, MA