Central Real Estate
John Boey, Central Real EstatePhone: (617) 828-3268
Email: [email protected]
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listing
1 of 23
MultifamilyFor Sale
$4,400,000
1 Beacon St
Somerville, MA 02143
Courtesy of Horvath & Tremblay - null null
MLS Property Information Network
16Beds
8Baths
6,812Sq Ft
Est. Mortgage
$22,812/mo

One Beacon, 6.70% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.

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Information courtesy of Horvath & Tremblay is subject to verification and is not guaranteed.
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