278 Beacon St - Apartments FOR SALE
Somerville, MA 02143 |
278 Beacon St
Somerville, MA 02143
HIGHLIGHTS
- ½ mile to Porter Square and less than 1 mile to Harvard Square.
- July, 2020 note: At present, all Tenants in the building are current with rent payments.
- 36 apartments, 34 parking spaces, plus roof rental to a Cell Tower.
- Units are in turnkey condition; 30 of the 36 have been renovated.
- Currently leased at below-market rental rates, presenting the opportunity to increase net income with minimal additional capital requirements.
- See attached brochure and renovation grid. Offers may be presented until August 15, 2020.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
38090
STORIES
7
YEAR BUILT
1978
PARKING SPACES
34
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
SOME-000039-D000000-000003
