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Key Details
Sold Price $1,620,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,469 sqft
Price per Sqft $466
MLS Listing ID 73242793
Sold Date 10/11/24
Bedrooms 7
Full Baths 6
Year Built 1900
Annual Tax Amount $13,169
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Description
5-family investment opportunity in the heart of Winter Hill! 25-27 Temple St. is positioned in a transit-oriented pocket of Somerville, directly adjacent to the impending infill development on 299 Broadway (featuring 288 residential units, a pedestrian path and new public park). Just south of I-93 and 0.5 miles north of the Gilman Sq. T Stop (Green Line), the building offers five (5) residential units with very flexible floorplans, as well as an in-law suite and additional square footage on the ground level. Gas and electricity are separately metered for each unit, common laundry is located in the basement, and three (3) parking spaces are apportioned in the driveway along the right-hand-side of the property. Listed at a cumulative sum of just $350,000 per unit, end-users can harness an existing rent roll in an appreciating sector of the city, with the ability to augment unit configurations and heighten return over time.
Location
State MA
County Middlesex
Area Winter Hill
Zoning RB
Direction GPS
Rooms
Basement Full, Partially Finished, Walk-Out Access
Interior
Flooring Hardwood
Exterior
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
Roof Type Shingle
Total Parking Spaces 3
Garage No
Building
Lot Description Level
Story 9
Foundation Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Sino-US Realty Team • Keller Williams Realty
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Jim Armstrong
Team Leader/Broker Associate | License ID: 9074205
Team Leader/Broker Associate License ID: 9074205