MLS Number 72362745
- Multi-Family 3 Family - 3 Units Up/Down
- Year Built 1910
- Bedrooms 9
The three-level building comprised of (3) 3-bedroom, 2-bath apartments grossing nearly 10k/month. Each apartment features large open layouts, modern kitchens, separate living and dining rooms, tile and hardwood floors, ample closet storage, outdoor space, and separately metered electric and gas responsible by the tenants. In addition, coin-op laundry available in the basement of the building for tenants. 207 Summer St is within walking distance of Porter Square and centrally located between the prestigious MIT, Harvard and Tufts University. The property allows easy access to Route I-93, McGrath Highway, and all of Boston. Buyers have the ability to acquire a rare, minimal management, fully occupied, cash-flowing asset in the heart of Somerville. The large 1400+ SF apartments offer the potential to convert back to 4-bedroom, 2-bath apartments resulting in 12 bedrooms and significant upside in the net income grossing nearly $130,000+.
Listed by Matthew Pierce of Marcus & Millichap Real Estate Investment Services