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53 Sargent Ave

Somerville, MA 02145
  • $1,050,000
  • STATUS: Sold
  • MLS #: 73178851
Sold - 01/03/2024
$1,050,000
SOLD - 01/03/2024
  • 5
    BEDS
  • 0.07
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,644
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1905
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Rodney Sinclair of Keller Williams Realty Evolution.

Description

Location + Cash Flow - What else could you be looking for in an investment property? This Winter Hill 3-family is perfect for the smart investor looking for a secure cash flow investment with plenty of future upside! The current owner has owned and managed this property for 50 years and has meticulously maintained every inch of the property for his tenants over the years. In addition to the 3 leased units, the basement is finished and has the potential for expansion and extra rental income. Amenities include highway access to Route 93, close proximity to Somerville's Assembly Row, Davis Square and Tufts University, and beautiful views of downtown Boston. After expenses, the property cash flows over $60,000 each year with plenty of rental upside in the future. Come by and see this turnkey investment property and close out before the end of the year! Open Houses will be Saturday, November 11th, from 12 - 2pm, and Sunday, November 12th, from 11 - 1pm.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-07-17T00:07:07.463.
www.westcottproperties.com/homes/145116813
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53 Sargent Ave Somerville, MA 02145

  • Price: $1,295,999
  • Status: Sold
  • On Site: Days
  • MLS #: 73178851
5
Beds
4
Baths
0
½ Baths
0.07
Acres
3,644
SQFT
$0
$/SQFT
1905
Built
Neighborhood:
Winter Hill
County:
Middlesex
Area:
Winter Hill
Elementary School:
Winter Hill
Middle School:
Next Wave
High School:
Somerville High
Property Description
Location + Cash Flow - What else could you be looking for in an investment property? This Winter Hill 3-family is perfect for the smart investor looking for a secure cash flow investment with plenty of future upside! The current owner has owned and managed this property for 50 years and has meticulously maintained every inch of the property for his tenants over the years. In addition to the 3 leased units, the basement is finished and has the potential for expansion and extra rental income. Amenities include highway access to Route 93, close proximity to Somerville's Assembly Row, Davis Square and Tufts University, and beautiful views of downtown Boston. After expenses, the property cash flows over $60,000 each year with plenty of rental upside in the future. Come by and see this turnkey investment property and close out before the end of the year! Open Houses will be Saturday, November 11th, from 12 - 2pm, and Sunday, November 12th, from 11 - 1pm.
Exterior Features

Construction Materials Frame Covered Spaces 0 Exterior Features PorchBalconyGuttersStorage ShedFenced YardCity View(s) Fencing Fenced Garage YN No Open Parking YN Yes Parking Features Paved DriveOff StreetTandem Parking Total 3 Patio And Porch Features Porch Road Frontage Type Public Roof Shingle Spa YN No View City View YN Yes Waterfront YN No

Interior Features

Appliances Unit 1(RangeDishwasherRefrigeratorWasherDryerOven - ENERGY STAR)Unit 2(DishwasherRefrigeratorOven - ENERGY STAR)Unit 3(DishwasherRefrigeratorOven - ENERGY STAR) Basement Finished Building Area Total 3644 Cooling Unit 1(Window AC)Unit 2(Window AC)Unit 3(Window AC) Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring WoodCarpetUnit 1(undefined)Unit 2(Hardwood Floors)Unit 3(Hardwood Floors) Foundation Details Stone Heating Unit 1(Hot Water Baseboard)Unit 2(Hot Water Baseboard)Unit 3(Hot Water Baseboard) Heating YN Yes Interior Features Unit 1(Bathroom With Tub & ShowerInternet Available - Broadband)Unit 2(Ceiling FansBathroom With Tub & ShowerInternet Available - Broadband)Unit 3(Ceiling FansBathroom with Shower StallInternet Available - Broadband)Unit 1 Rooms(Living RoomDining RoomKitchen)Unit 2 Rooms(Living RoomDining RoomKitchenMudroom)Unit 3 Rooms(Living RoomKitchen) Lead Paint Unknown Rooms Total 16

Property Features

Buyer Agency Compensation 2 Community Features Public TransportationShoppingMedical FacilityLaundromatHighway AccessHouse of Worship Contingency Pending P&S Current Financing Cash Disclosures Unit 3 (1-bedroom unit) is unavailable during the open housesbut photos are provided. Gross Income 87600 Home Warranty YN No Insurance Expense 2644 Net Operating Income 68406 Operating Expense 19194 Property Sub Type 3 Family - 3 Units Up/Down Rent Includes Unit 1(WaterHot Water)Unit 2(WaterHot Water)Unit 3(WaterHot Water) Senior Community YN No Sewer Public Sewer Tax Annual Amount 12657 Tax Year 2023 Total Actual Rent 7300 Transaction Broker Compensation 1 Water Sewer Expense 4327 Water Source Public Year Built Details Approximate Zoning RB

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Rodney Sinclair of Keller Williams Realty Evolution: 978-927-8700.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-07-17T00:07:07.463.
 
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Westcott Properties
178 Broadway
Providence RI, 02903
Listing courtesy of Rodney Sinclair of Keller Williams Realty Evolution.