67 Wheatland St - Apartments FOR SALE


Somerville, MA 02145- Foss Park
$2,000,000 USD
781-776-4000
67 Wheatland St, Somerville, MA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

67 Wheatland St
Somerville, MA 02145
Foss Park


HIGHLIGHTS

  • Dynamic Somerville Location
  • Transit Oriented Location
  • Fully Renovated, Stabilized Asset with Rent Growth

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 67 Wheatland Street in Somerville, Massachusetts (the “Property”). Located in between Somerville’s Winter Hill and Assembly Square neighborhoods, in the path of the Green Line Extension, the Property offers the rare opportunity to acquire an exceptionally well-located fully renovated asset in one of the strongest real estate markets in a region that is poised for future growth. 67 Wheatland Street offers convenient access to Interstate 93, Assembly Row, the new Gilman Square Station of the Green Line Extension (0.7-miles), Assembly Station (0.7-miles), and Sullivan Square Station (1-mile). The Property consists of a three-story building with three (3) residential units consisting of two (2), 3.5-Bedroom/2-Bathroom units and one (1) 2-bedroom/1-bathroom unit with 3,109 square feet of gross living area in 4,196 square feet of gross area on a 0.09-acre parcel. Units 1 and 2 will vacate at the end of their current leases, allowing the opportunity for an owner-user acquisition. 67 Wheatland Street is a turn-key Property with condo quality finishes including new hardwood flooring throughout, new kitchens with new cabinetry, quartz and granite (unit 1) countertops, stainless steel appliances, and new bathrooms with modern amenities. The first floor features a forced hot air heating and central air conditioning system, and the second and third floor units have forced hot water baseboard heat. The building has been completely renovated with a new roof, new Hardie Plank siding, new windows, and a freshly paved driveway and rear parking lot with capacity for four (4) cars. The Property is separately metered for heat, hot water and electricity and also features a laundry facility in the basement.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$497 USD /SF

# OF UNITS

4

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

-

APN/PARCEL ID

SOME-000069-E000000-000024

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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