Property Description
Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.
Overview
Open House
Property Type
Multi-family
Location
241 Highland Ave, Somerville, MA 02143
Zoning
RC
MLS ID
73513408
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
6
Full Bathrooms
4
Flooring
Tile, Hardwood
Appliances
Range, Dishwasher, Refrigerator
Other Interior Features
Upgraded Cabinets, Upgraded Countertops, Ceiling Fan(s), Storage, Open Floorplan, Living Room, Kitchen
Exterior
Stories
4
Water Source
Public
Roof
Shingle, Rubber
Parking
Paved Drive
Heat Type
Steam, Natural Gas, Forced Air
Air Conditioning
None
Sewer
Public Sewer
Substructure
Concrete Perimeter
Other Exterior Features
Balcony/Deck
Details
Total Area
4,247 Sq.Ft.
Financial
Price
$1,900,000
Real Estate Tax
$8,884/yr
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