$1,999,999
148-150-18 Pearl St
Somerville, MA, 02145
OPEN HOUSE CANCELED Prime investment opportunity in the heart of Somerville! Estimate 7-8 % cap rate with market value rentals approx $150,000.00 per year.This mixed-use property on Pearl Street and 18 Flint Ave boasts 3 spacious residential units and 1 commercial unit, offering diverse income streams. Located in an up-and-coming area, it’s perfect for investors looking to capitalize on the potential for both fix-and-flip and long-term strategy. Situated on bustling Pearl Street in Somerville, the property is surrounded by new developments, trendy shops, and eateries, enhancing its appeal. Whether you’re looking to renovate and sell for a profit or hold for consistent rental income, this property offers flexible investment opportunities. Don’t miss out on this rare find in a rapidly developing area. Secure your foothold in Somerville’s thriving real estate market today! Group Showing schedule for next week. Group Showing Friday 4:00-5:30 – Saturday 1:00-2:30.
Property Details
Price:
$1,999,999
MLS #:
73270853
Status:
Active
Beds:
9
Baths:
4
Address:
148-150-18 Pearl St
Type:
Multi Family
Subtype:
4 Family
Neighborhood:
East Somerville
City:
Somerville
Listed Date:
Jul 29, 2024
State:
MA
Finished Sq Ft:
3,115
Total Sq Ft:
3,115
ZIP:
02145
Lot Size:
4,550 sqft / 0.10 acres (approx)
Year Built:
1910
Units:
3
Schools
Elementary School:
Kesher
Middle School:
East Somerville
High School:
High Somerville
Interior
Appliances
Range, Refrigerator, Washer, Dryer
Bathrooms
4 Full Bathrooms
Cooling
Central Air
Flooring
Tile, Hardwood
Heating
Natural Gas, Central
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T- Station
Construction Materials
Frame
Parking Features
Paved Drive, Paved
Parking Spots
6
Roof
Wood
Financial
Tax Year
2024
Taxes
$10,803
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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Courtesy of Century 21 North East. 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.
148-150-18 Pearl St
Somerville, MA
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