84-86R Cross St, Somerville, MA 02145
- $2,100,000
- 8
- BD
- 6
- BA
- 4,661
- SqFt
- Sold Price
- $2,100,000
- List Price
- $2,149,000
- Status
- SOLD
- MLS#
- 73380216
- Bedrooms
- 8
- Bathrooms
- 6
- Full Baths
- 6
- Living Area
- 4,661
- Lot Size (Acres)
- 0.07
- Year Built
- 1900
Property Description
Back on market due to buyer financing falling through. Outstanding 6-unit investment opportunity in sought-after East Somerville, offered as a rare two-building package, delivering immediate cash flow with long-term upside. An exceptional and rarely found feature in Somerville is that all six units have dedicated outdoor space, with three lower units enjoying private patios and all three upper units featuring their own decks, a significant value add for tenants. This property has been updated and well-maintained. Additional highlights include 3 car parking, updated interiors, a centralized laundry room, and a sought-after large outside space between the 2 buildings. The property offers multiple future strategies, including strong buy-and-hold income, potential condo conversion, or longer-term redevelopment, all in a prime location close to the Green Line Extension, Assembly Row, major routes, shops, and restaurants, supporting strong tenant demand and appreciation.
Additional Information
- Taxes
- $17,984
- Parking Description
- Paved Drive, Off Street, Paved
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Chad Myers from Listing Office: Mr. Chaddles Real Estate.
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