1 Beacon Street, Inman SquareSomerville, MA 02143MLS Number 73226159

  • Price: $4,600,000
  • Est. Mortgage of $/month
  • 37 Days on Market
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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1 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 02143
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  • 16Bedrooms
  • 0.13Acreage
  • 8Bathrooms
  • 1900Year Built
One Beacon, 6.41% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.
Listed by John Pentore of Horvath & Tremblay

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 $364,948
  • Lot Features Corner Lot
  • Mls StatusActive
  • Parcel Number 758571
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Location

  • Address1 Beacon Street
  • Building Number1
  • CountyMiddlesex
  • NeighborhoodInman Square
  • StateMA
  • StreetBeacon Street
  • SubdivisionInman Square
  • TownSomerville
  • Zip02143

Property Information

  • Building Area Source Public Records
  • Living Area 6,812
  • Lot Size Square Feet 5,662
  • Lot Size Units Acres
  • Square Feet6,812

Other

  • Buyer Agency Compensation2%
  • Date Listed04/19/2024
  • Farm Land Area Units Square Feet
  • View Count3

Tax Information

  • Tax Assessed Value $2,296,900
  • Tax Year 24
  • Taxes$30,909

Basic Information

  • List Price$4,600,000
  • MLS Number73226159
  • Modification Date05/01/2024
  • Property SubType5-9 Family

Property

  • Acreage0.13

Exterior

  • Exterior Features Balcony/Deck
  • RoofRubber

Utilities

  • Cooling Central Air
  • Cooling YN Yes
  • Electric Individually Metered
  • Heat SystemYes
  • Heating Forced Air
  • Sewer Public Sewer
  • Water Source Public

Parking

  • Parking Features Off Street
  • Parking Spaces4

Rooms

  • Bathroom8
  • Bathrooms Total Decimal 8
  • Bedrooms16
  • Full Bath8

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • FoundationOther
  • Patio And Porch Features Deck
  • Rooms24
  • Stories10
  • Units6
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • University
    • Walk/Jog Trails
  • Appliances IncludedWasher, Dryer
  • Other AmenitiesBasement, Tennis
Listed by John Pentore of Horvath & Tremblay

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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