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76-78 Perkins Street
Somerville, MA 02145

$5,500,000

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Listing Details

  • $5,500,000
  • MLS# 73579475
  • Type Multi Unit - Multiple
  • Status Active
  • 24
    Bedrooms
  • 12 full
    Bathrooms
  • 8,688
    Square Feet
  • 0.170 acres
    Lot Size
  • 1900
    Year Built

Listed By

Agency Name: Fiv Realty Co
Agent Name: Justin Blankenship
Agency Phone: 781-365-7984

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

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Home Value Estimate


Description

Stability, scale and a long runway for capital improvements define 76-78 Perkins Street, a fully occupied six-family positioned for investors seeking durable cash flow without an immediate value-add or CapEx story. The property contains six oversized 4BR/2BA residences averaging approx. 1,448 SF, each with in-unit laundry, stainless appliances, granite counters, hardwood floors, recessed lighting and updated baths. Each apartment is leased under a single 12-month lease at $4,800/month through 8/31/27 - $28,800/month in scheduled rent with an annual gross of $345,600 - providing immediate income and unusually consistent lease stability across...read more

Features

  • Range
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Freezer
  • Washer
  • Dryer
  • Window Unit(s)
  • Wood
  • Baseboard, Natural Gas
  • 4.0 Stories
  • $50,397 Taxes
  • Public
  • Built in 1900

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