52 54 Bonair Street Somerville MA 02145 MLS #73149807

52 54 Bonair Street
Somerville, MA, 02145
$3,695,000
21 Beds
10 Baths
8,937 SqFt
0.29 Acres
$3,695,000
52 54 Bonair Street
Somerville, MA, 02145
ATTENTION…ATTENTION…a very rare opportunity, 10 units in solid shape, almost 9000 square feet of living space, 21 bedrooms, 10 bathrooms, 4 off road tandem parking spots. New roofs, newer electrical, new natural gas, all the big money items taken care of. One of the hottest rental markets in the country, with property values rising, don’t miss this chance. Separate utilities, heat, water, electric, all rents underpriced, but are Tenants at will. 4 off road tandem parking spots between both buildings. 2 separate deeds for the 2 properties. New roof, newer electric, and newer natural gas. All tenants, therefore, have separate utilities, and pay electricity, heat, gas. Yearly rent $240,000. and are under market, bring these up to market value, make a great cap rate and a rental beast. Somerville right off McGrath a great location and proximity to all that is Cambridge, Somerville, and Boston. Both buildings create an investment compound that is absolutely incredible.

Property Details

Price:
$3,695,000
MLS #:
73149807
Status:
Pending
Beds:
21
Baths:
10
Address:
52 54 Bonair Street
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Somerville
Listed Date:
Aug 17, 2023
State:
MA
Finished Sq Ft:
8,937
ZIP:
02145
Lot Size:
12,579 sqft / 0.29 acres (approx)
Year Built:
1900

Schools

Interior

Bathrooms
10 Full Bathrooms
Flooring
Hardwood
Laundry Features
Electric Dryer Hookup

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T- Station, University
Construction Materials
Frame, Stone
Parking Features
Paved Drive, Off Street, Tandem
Parking Spots
4
Roof
Rubber

Financial

Buyer Agent Compensation
2.0%
Net Operating Income
$182,739
Tax Year
2023
Taxes
$31,776
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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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Courtesy of R.E.D. Development & Real Estate Group. 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.
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52 54 Bonair Street
Somerville, MA