241 Highland Ave Somerville MA 02143 MLS #73221310

241 Highland Ave
Somerville, MA, 02143
$1,800,000
3 Beds
3 Baths
4,247 SqFt
0.07 Acres
$1,800,000
241 Highland Ave
Somerville, MA, 02143
This meticulously maintained three-family building boasts a prime location and is fully leased to a vibrant community of young professionals. Additionally, it features coveted retail space on the ground floor, across from Somerville Hospital, offering endless possibilities for entrepreneurial ventures. Key Features: Fully Leased: Enjoy immediate returns on your investment with all three residential units occupied by young professionals. This ensures a steady stream of rental income from day one. Prime Location: Situated in the heart of Somerville, this property benefits from the bustling atmosphere of Highland Ave. With convenient access to public transportation, restaurants, and amenities, it attracts tenants seeking convenience and lifestyle. Retail Space: The first floor presents an exciting opportunity for retail businesses to thrive across from Somerville Hospital. Whether it’s a cozy cafe, boutique shop, or professional office, this versatile space offers endless pot

Property Details

Price:
$1,800,000
MLS #:
73221310
Status:
Active
Beds:
3
Baths:
3
Address:
241 Highland Ave
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Somerville
Listed Date:
Apr 8, 2024
State:
MA
Finished Sq Ft:
4,247
ZIP:
02143
Lot Size:
3,236 sqft / 0.07 acres (approx)
Year Built:
1900

Schools

Interior

Bathrooms
3 Full Bathrooms
Heating
Natural Gas

Exterior

Parking Spots
1

Financial

Buyer Agent Compensation
2%
Net Operating Income
$88,200
Tax Year
2024
Taxes
$8,566
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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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241 Highland Ave
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