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171-175 Tremont St
Somerville, MA. 02143-4110

Middlesex County
Area: Inman Square
Directions: On Tremont St In Between Webster Ave And Cambridge St

MLS # 72822218 - Under Agreement
Multi-Family 5-9 Family   Light Gray

List Price $3,600,000 Days on Market  
List Date   # Units 6
Sale Price   # Floors  
Sold Date   Rooms 28
Assessed Value $2,290,600 Bedrooms 15
Gross Living Area 6,354SF Full Baths 6
Lot Size 8,000SF Half Baths 0
Taxes $23,341.00 Fireplaces  
Tax Year 2021 Basement Yes
Zoning RB Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1920 Parking Spaces 12
    Garage Spaces 0

Remarks:

Golden Opportunity! Nestled in between current and future Life Science hubs, Kendall Sq and Union Sq., and equidistant to Harvard and MIT, 171-175 Tremont is a massive 6 family property which shows pride of ownership at every turn. All apts have large rooms, balconies, high ceilings, antique hardwood floors, and fully applianced kitchens. The maintenance free exterior, replacement windows, and separate utility systems make this a perfect income property for the passive investor or a great condo conversion for a savvy developer. Residents love the huge parking lot with room for 12+ cars! Leases are set to expire this summer, and two units are currently vacant. Current rents are below market. Trendy shops and restaurants are at your doorstep, and the property is under 1 mile to the Central Sq T Stop. Somerville consistently rates as one of the best rental markets in the region due to high density, amenities and local universities and businesses

Features
Amenities   Public
   Transportation,
   Shopping, Highway
   Access, House of
   Worship, Private School,
    Public School,
   T-Station, University
Basement   Full, Interior
   Access, Sump Pump,
   Concrete Floor
Construction   Frame
Electricity   220 Volts,
   60 Amps/Less
Exterior   Vinyl
Exterior Feat.   Covered
   Patio/Deck
Flooring   Wood
Foundation   Fieldstone
Hot Water   Natural Gas
Lead Paint   Unknown
Lot   Paved Drive, City
   View(s)
Parking   Off-Street,
   Paved Driveway
Road   Public
Roof   Rubber
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Gas Range, for Electric
   Range
Units
Common Features Appliances: Washer, Dryer
Unit 1 Appliances: Range, Dishwasher, Refrigerator; Bedrooms: 3; Floor: 1; Full Baths: 1; Heating: Hot
     Water Baseboard, Gas; Interior: Cable TV Available, Hardwood Floors; Lease: Yes; Levels: 1; Rent:
     2650; Rent Includes: Water; Rooms: 6; Rooms Desc.: Living Room, Dining Room, Kitchen
Unit 2 Appliances: Range, Dishwasher, Refrigerator; Bedrooms: 3; Floor: 2; Full Baths: 1; Heating: Forced
     Air, Gas; Interior: Cable TV Available, Hardwood Floors; Lease: Yes; Levels: 1; Rent: 3000; Rent
     Includes: Water; Rooms: 6; Rooms Desc.: Living Room, Dining Room, Kitchen
Unit 3 Appliances: Range, Dishwasher, Refrigerator; Bedrooms: 3; Floor: 3; Full Baths: 1; Heating: Hot
     Water Baseboard, Gas; Interior: Cable TV Available, Hardwood Floors; Lease: No; Levels: 1; Rent:
     2800; Rent Includes: Water; Rooms: 6; Rooms Desc.: Living Room, Dining Room, Kitchen
Unit 4 Appliances: Range, Dishwasher, Refrigerator; Bedrooms: 2; Floor: 1; Full Baths: 1; Interior: Cable
     TV Available, Hardwood Floors; Lease: Yes; Levels: 1; Rent: 2500; Rooms: 5; Rooms Desc.: Living
     Room, Dining Room, Kitchen
Financial Info
Gross Oper. Income   $15,950 Net Oper. Income   $15,950
Additional Information
APOD Available?   No
Adult Community   No
Anticipated Sale Date  
   07/23/2021
Foreclosure   No
GLA Source   Public Record
Off Market Date   5/5/21
Parcel #   M:83 B:B L:18
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.   Actual
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 5/5/21 7:01pm

Courtesy: MLSPIN

Listing Office: RE/MAX Destiny Listing Agent: David Lilley


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The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.