Multi-Family for Sale: 53 Sargent Ave, Somerville, MA 02145 SOLD

5 beds
4 full baths
3,644 sqft
$1,050,000
$1,050,000
53 Sargent Ave, Somerville, MA 02145 SOLD
5 beds
4 full baths
3,644 sqft
$1,050,000
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Selling Price: $1,050,000
Original List Price: $1,295,999
Sold at 81.0% of list price
Sold Date: 01/03/2024

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Type Multi-Family
Beds 5
Total Baths 4 full baths
Square Feet 3,644 sqft
Lot Size 0.07 acres
Year Built 1905
City Somerville
County Middlesex
MLS 73178851
Status Closed
DOM 56 days
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.

Lot & Building Features

Appliances Unit 1(Range, Dishwasher, Refrigerat, Unit 2(Dishwasher, Refrigerator, Ove, Unit 3(Dishwasher, Refrigerator, Ove
Construction Frame
Cooling Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
Heating Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard), Unit 3(Hot Water Baseboard)
Sewer Public Sewer
Tax Year 2023
Taxes Paid $12,657
Water Public
Foundation Stone
Exterior Features Porch, Balcony, Gutters, Storage Shed, Fenced Yar
Interior Features Unit 1(Bathroom With Tub & Shower, I, Unit 2(Ceiling Fans, Bathroom With T, Unit 3(Ceiling Fans, Bathroom with S, Unit 1 Rooms(Living Room, Dining Roo, Unit 2 Rooms(Living Room, Dining Roo, Unit 3 Rooms(Living Room, Kitchen)
Roof Shingle
Full Baths 4
Parking Off Street, Tandem, Paved Drive
Total Rooms 16
Basement Feature Finished
Garage Spaces 0

Community and Schools

Elementary School Winter Hill
Junior High School Next Wave
Senior High School Somerville High

Price History of 53 Sargent Ave, Somerville, MA

Date Name Price Difference
11/08/2023 Listing Price $1,050,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 53 Sargent Ave, Somerville, MA

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Inquire about this property

Photo of Justin Mitchell
Direct: 802-468-7032
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Keller Williams Realty Evolution, Rodney Sinclair
Sold by Harvard Realty Advisors, LTD, ChiChi Liao
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1%
6.75%
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Listing information courtesy of: Keller Williams Realty Evolution

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