617-816-5257
54-80 Mount Vernon St, Somerville, MA for Sale
Apartments - FOR SALE
1/4
null | Request Cap Rate

54-80 Mount Vernon St
Somerville, MA 02145
East Somerville


HIGHLIGHTS

  • Project Based Section 8
  • Expiring HAP Contracts and Market-- Market to (M2M) Rent Adjustment
  • Local Amenities Abound
  • Transit Oriented Location
  • Excellent Area Employment

OVERVIEW

Cushman & Wakefield Multifamily Advisory group is pleased to present the opportunity to acquire The Mount Vernon Collection (54-60 and 80-82 Mount Vernon Street), a 23-unit, project-based Section 8, apartment portfolio located in Somerville, Massachusetts. The portfolio is comprised of two (2) beautiful brick buildings, 54-60 and 80-82 Mount Vernon Street. The portfolio offers three separate Section 8 contracts allowing for flexibility within the portfolio. Strategically located in one of the most rapidly evolving neighborhoods in the Greater Boston area, the property is surrounded by multiple on-going and upcoming transformative developments, such as Assembly Row, Encore Boston Resort and Casino, Cambridge Crossing, Hood Park, and the Green Line Extension. Additionally, the property offers residents unparalleled transit options, including the MBTA – Orange Line at Sullivan Square (0.5mi +/-) and immediate access to multiple bus routes and I-93, located just steps from the asset.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

23

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mount Vernon Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RB

APN/PARCEL ID

SOME-000103-E000000-000014,SOME-000103-E000000-000015

ASK ABOUT THIS PROPERTY

Chris SowerCushman & WakefieldMore Info
617-816-5257

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Chris SowerCushman & WakefieldMore Info
617-816-5257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.