40 Cherry StreetSomerville, MA 02144MLS Number 73127326

  • Sale Price: $2,300,000
  • 310 Days Since Sale
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Federal 30-year interest rate: 6.89% last updated on Jul 11, 2024
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40 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 0214440 Cherry Street Somerville MA 02144
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  • 11Bedrooms
  • 0.12Acreage
  • 6Bathrooms
  • 1920Year Built
Massive Porter/Davis Square triple decker is a rarely available investment opportunity. This updated blue chip asset is steps to both the MBTA Redline Porter and Davis Sq stops, 1.5 miles from both the Harvard/Radcliffe Quad and Tufts University, and just over 3 miles from Boston Financial District. With a WalkScore of 95, a BikeScore of 96, this property also has a long history of top rental production. Each unit has over 1300 sf with one 3br/1.5ba apartment and 2 4br/1.5ba units, plus assigned ample parking for 6 cars in back. Recent updates include new siding, new back decks, updated kitchens and bathrooms. Fully leased @ almost $14,000/m from 9/1/23-8/31/24. A rare opportunity to start or bolster the savvy investor's portfolio.
Listed by Charles Ball of Berkshire Hathaway HomeServices Commonwealth Real Estate

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
Office: 781-844-9371
127 Franklin St
Reading, MA 01867

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More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $160,200
  • Mls StatusSold
  • Parcel Number M:30 B:D L:5,751636

Location

  • Address40 Cherry Street
  • Building Number40
  • CountyMiddlesex
  • StateMA
  • StreetCherry Street
  • TownSomerville
  • Zip02144

Property

  • Acreage0.12

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Other AmenitiesBasement

Tax Information

  • Tax Assessed Value $1,835,500
  • Tax Year 2023
  • Taxes$18,979

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 4.5
  • Bedrooms11
  • Full Bath3
  • Half Baths3

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Rooms17
  • Stories6
  • Units3
  • Year Built1920
  • Year Built Details Approximate
  • Year Built Source Public Records

Other

  • Buyer Agency Compensation2
  • Date Listed06/21/2023
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation2
  • View Count8

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Shared Driveway, Off Street
  • Parking Spaces6

Basic Information

  • List Price$2,300,000
  • MLS Number73127326
  • Modification Date10/05/2023
  • Property SubType3 Family
  • Purchase Contract Date08/29/2023
  • Sale Date09/10/2023
  • Sale Price$2,300,000

Exterior

  • RoofRubber

Property Information

  • Building Area Source Measured
  • Living Area 4,003
  • Lot Size Square Feet 5,165
  • Lot Size Units Acres
  • Square Feet4,003
Listed by Charles Ball of Berkshire Hathaway HomeServices Commonwealth Real Estate

Listing Sold by Media Realty LLC

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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