52, 54 Bonair Street, Winter HillSomerville, MA 02145MLS Number 73149807

  • Price: $3,695,000
  • Est. Mortgage of $/month
  • 193 Days on Market
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Federal 30-year interest rate: 6.9% last updated on Feb 22, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Under Agreement
52, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 0214552, 54 Bonair Street Somerville MA 02145
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  • 21Bedrooms
  • 0.29Acreage
  • 10Bathrooms
  • 1900Year Built
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.
Listed by Robert Downer of R.E.D. Development & Real Estate Group

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

  • Gross Income $239,400
  • Lot Features Corner Lot
  • Mls StatusUnder Agreement

Basic Information

  • List Price$3,695,000
  • MLS Number73149807
  • Modification Date02/19/2024
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date02/19/2024
  • Sale Date02/19/2024

Property

  • Acreage0.29

Exterior

  • Exterior Features Porch
  • RoofRubber

Property Information

  • Building Area Source Public Records
  • Living Area 8,937
  • Lot Size Square Feet 12,579
  • Lot Size Units Acres
  • Square Feet8,937

Other

  • Buyer Agency Compensation2
  • Date Listed08/17/2023
  • Farm Land Area Units Square Feet
  • View Count9

Tax Information

  • Tax Assessed Value $3,293,000
  • Tax Year 2023
  • Taxes$31,776

Rooms

  • Bathroom10
  • Bathrooms Total Decimal 10
  • Bedrooms21
  • Full Bath10

Building

  • BasementFull, Walk-Out Access, Concrete
  • Building Area Units Square Feet
  • Construction Materials Frame, Stone
  • FoundationConcrete Perimeter
  • Patio And Porch Features Porch
  • Rooms40
  • Stories6
  • Units10
  • Utilities For Gas Range, For Electric Dryer
  • Year Built1900
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Tandem
  • Parking Spaces4

Location

  • Address52, 54 Bonair Street
  • Building Number52,54
  • CountyMiddlesex
  • NeighborhoodWinter Hill
  • StateMA
  • StreetBonair Street
  • SubdivisionWinter Hill
  • TownSomerville
  • Zip02145

Interior

  • Flooring Hardwood

Utilities

  • Electric 220 Volts
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Bike Path
    • Highway Access
    • House of Worship
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • University
    • Walk/Jog Trails
  • Appliances IncludedUtility Connections for Gas Range, Utility Connections for Electric Dryer
  • Other AmenitiesBasement, Tennis
Listed by Robert Downer of R.E.D. Development & Real Estate Group

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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