34 & 40 Crescent St Somerville MA 02145 MLS #73258250

34 & 40 Crescent St
Somerville, MA, 02145
$3,350,000
19 Beds
6 Baths
6,902 SqFt
0.17 Acres
$3,350,000
34 & 40 Crescent St
Somerville, MA, 02145
34 & 40 Crescent consists of two adjacent buildings (each on its own tax parcel) with five residential units consisting of two 3-Bedroom/1-Bathroom units, two 4 Bedroom/1-Bathroom units, and one 5-bedroom/2-bathroom unit. The Properties are turn-key with condo quality finishes including new luxury vinyl plank flooring throughout, new kitchens with new cabinetry with granite countertops, stainless steel appliances and new bathrooms with modern amenities. Additionally, all units have laundry inside their respective apartments. Each unit features new, forced hot air heating and central air conditioning systems as well as tankless, on demand Navien hot water systems. The buildings are separately metered for heat, hot water and electricity in which the tenants pay directly. The Properties also feature a shared parking lot with capacity for four cars. 34 & 40 Crescent Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location.

Property Details

Price:
$3,350,000
MLS #:
73258250
Status:
Pending
Beds:
19
Baths:
6
Address:
34 & 40 Crescent St
Type:
Multi Family
Subtype:
5-9 Family
City:
Somerville
Listed Date:
Jun 27, 2024
State:
MA
Finished Sq Ft:
6,902
Total Sq Ft:
6,902
ZIP:
02145
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1900
Units:
5

Schools

Interior

Appliances
Washer, Dryer
Bathrooms
6 Full Bathrooms
Cooling
Central Air
Heating
Forced Air

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T- Station
Parking Features
Off Street
Parking Spots
4
Roof
Shingle, Rubber

Financial

Net Operating Income
$215,538
Tax Year
2024
Taxes
$27,961
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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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34 & 40 Crescent St
Somerville, MA