8-14 Craigie St - Apartments FOR SALE


Somerville, MA 02143- Spring Hill
$9,500,000 USD
617-599-6274
8-14 Craigie St, Somerville, MA for Sale
$9,500,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

8-14 Craigie St
Somerville, MA 02143
Spring Hill


HIGHLIGHTS

  • Close to Prestigious Universities and low vacancy rate under current ownership.

OVERVIEW

This 21-unit, 42 bedroom building boasts a strong CAP rate, offering a promising investment for buyers on a .23 Acre Lot. Come explore the exceptional opportunity at 8-14 Craigie Street in the lively community of Somerville abutting Porter Square & Cambridge. Conveniently located near prestigious institutions such as Harvard, Lesley, & MIT, this property is fully occupied. Your next investment property is in close proximity to world-class universities, providing easy access to lectures & campus life. The Red Line and bus routes are just a short distance away, ensuring quick commutes to Boston or Kendall Square. This prime location combines urban convenience with academic vibrancy. With a strong rental history and a very low vacancy rate, there's high demand from scholars & professionals, guaranteeing top rental value in Somerville’s competitive market. Craigie St presents an unparalleled opportunity in an outstanding location.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

21

PRICE/UNIT

$452,381

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,995 SF

ZONING

RB

APN/PARCEL ID

SOME-000038-A000000-000070

ASK ABOUT THIS PROPERTY

Lance GreeneCompassMore Info
617-599-6274

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

Lance GreeneCompassMore Info
617-599-6274

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