Address
6-8 Knapp Street, Somerville, MA
Price
$ 1,850,000
Property Attributes
- MLS#73229264
- TypeMulti-Family
- CountyMIDDLESEX
- CitySomerville
- Zip02143
- Style3 Family
- Year Built1900
- Taxes$ 16806
- Price$ 1,850,000
- Bedrooms11
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage4924
- Lot Size2,614 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
6-8 Knapp Street is an opportunity to acquire a massive 3-family (5,580 Square Feet) that has been meticulously maintained and is located in a coveted neighborhood of Somerville. The property has an excellent rental history but also provides upside potential for a new coming investor. This area is full of amenities for tenants including Bow Market, Market Basket and Gilman/Union Sq Green Line Stations.
| Price History | |
|---|---|
| 4/26/2024 | Listed $1,850,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard |
| Roof | Rubber |
| Appliances | Washer,Dryer |
| Exterior Features | Balcony |
| Zoning | RB |
| Patio/Porch Features | Patio |
| Construction Materials | Frame |
| Year Built | 1900 |
| Property SubType | 3 Family |
| Tax Year | 2024 |
| Gross Income | 131280 |
| County | Middlesex |
| Net Operating Income | 98511 |
| Operating Expense | 32769 |
| Insurance Expense | 6603 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Rent Includes | Unit 1(Water) |
| Total Rooms | 18 |
| Status | Active |
| Directions | GPS |
| City | Somerville |
| Disclosures | Unit 2 is currently vacant. It can be rented or delivered vacant depending on buyer preference. Rent set to market rate. |
| Senior Community Y/N | No |
| Total Units | 3 |
| Lot Size Square Feet | 2403 |
| Waterfront Y/N | No |
| Street Name | Knapp Street |
| Year Built Details | Approximate |
| Tax Annual Amount | 16806 |
| Electric Expense | 540 |
| Home Warranty Y/N | No |
| Water Sewer Expense | 5820 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1597500 |
| Total Actual Rent | 10940 |
| Compensation Based On | Gross/Full Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Finished |
|---|---|
| Flooring | Wood,Tile |
| Total Stories | 6 |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Full Baths | 4 |
| Total Bedrooms | 11 |
| Total Baths | 4 |
Exterior Features
| Parking Features | On Street |
|---|---|
| Lot Features | Other |
| Water Source | Public |
| Lot Size Area | 0.06 |
| Foundation Details | Concrete Perimeter,Brick/Mortar |
| Spa | No |
| Building Area Total | 4924 |
| Lot Size Acres | 0.06 |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02143
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - 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
