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Sold for $1,050,000 on 01/03/24
  • $1,050,000

    53 Sargent Ave, Somerville, MA 02145

    5beds
    3,644sqft
    3 Family - 3 Units Up/Down
    Built in 1905
    -- sqft lot
    $1,279,800 Zestimate®
    $288/sqft
    $4,153 Estimated rent

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    $4,153/mo

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    $4,153/mo

    Rent Zestimate®

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    $6,333/mo

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    $6,333/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: January 03, 2024 at 12:11pm

    Listed by:

    Rodney Sinclair,

    Keller Williams Realty Evolution

    Bought with:

    ChiChi Liao

    Harvard Realty Advisors, LTD

    Source: MLS PIN,MLS#: 73178851

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Has cooling: Yes
    Features
    • Kitchen
    • Flooring: Wood, Carpet
    • Basement: Finished
    • Has fireplace: No
    Interior area
    • Total structure area: 3,644
    • Total interior livable area: 3,644 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Paved Drive, Off Street, Tandem
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Porch
    • Exterior features: Balcony
    • Fencing: Fenced
    • Has view: Yes
    • View description: City
    Lot
    • Size: 3,049 sqft
    Details
    • Parcel number: M:71 B:D L:17,757751
    • Zoning: RB

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 3 Family - 3 Units Up/Down
    Materials
    • Frame
    • Foundation: Stone
    • Roof: Shingle
    Condition
    • Year built: 1905

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship
    Location
    • Region: Somerville

    HOA & financial

    Other financial information
    • Total actual rent: 7300
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    Estimated market value
    $1,279,800