Pending

52, 54 Bonair Street

Somerville MA, 02145

$3,695,000


$413.45 per sqft

Pending

21 Beds

10 Baths

8,937 sqft

Multi-family

Built in 1900

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.

73149807

MLS ID

August 17, 2023

Listed

February 22, 2024

Updated

Map

52, 54 Bonair Street
Somerville MA, 02145

Interior Features

Total Stories

6


Bedrooms

21 Beds


Bathrooms

10 Baths


Appliances

Utility Connections for Gas Range, Utility Connections for Electric Dryer


Floor Description

Hardwood


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.29 Acres


Exterior Features

Porch


Lot Features

Corner Lot


Roof

Rubber


Sewer

Public Sewer

Other Property Details

Area Name

Winter Hill


Taxes

$31,776


Tax Frequency

Annually


Garage

No


Parking

Paved Drive, Off Street, Tandem


Parking Total

4


View

No


County

Middlesex


Water Source

Public


Pool

No


Zoning

RB


Buyer Agency Compensation

2%

 

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