16 Crescent St Somerville MA 02145 MLS #73278166

16 Crescent St
Somerville, MA, 02145
$1,500,000
8 Beds
5 Baths
3,585 SqFt
0.11 Acres
$1,500,000
16 Crescent St
Somerville, MA, 02145
The Property consists of a fully-leased, two-story building with three residential units consisting of one duplex 4-Bedroom/2-Bathroom unit, one 2-Bedroom/2-Bathroom unit, and one 2-bedroom/1 bathroom unit. 16 Crescent Street is a turn-key Property with condo quality finishes. Units 16-1 and 16-2 feature new luxury vinyl plank flooring throughout, new kitchens with new cabinetry, quartz countertops, stainless steel appliances and new bathrooms with modern amenities. Unit 14 is a direct entry, duplex style unit featuring modern style finishes with new hardwood flooring. All units feature forced hot air heating systems as well as central air conditioning. The building is separately metered for heat, hot water and electricity which the tenants pay directly. The Property also features an on site laundry facility as well as a large backyard for tenants. The Property offers the rare opportunity to acquire an exceptionally well-located, fully renovated asset.

Property Details

Price:
$1,500,000
MLS #:
73278166
Status:
Pending
Beds:
8
Baths:
5
Address:
16 Crescent St
Type:
Multi Family
Subtype:
3 Family
City:
Somerville
Listed Date:
Aug 15, 2024
State:
MA
Finished Sq Ft:
3,585
Total Sq Ft:
3,585
ZIP:
02145
Lot Size:
4,791 sqft / 0.11 acres (approx)
Year Built:
1900
Units:
3

Schools

Interior

Bathrooms
5 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T- Station, University
Parking Spots
1
Roof
Shingle

Financial

Net Operating Income
$91,197
Tax Year
2024
Taxes
$13,710
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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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16 Crescent St
Somerville, MA