$4,600,000
1 Beacon St, Somerville, MA
16
Beds
8
Baths
6,812
Square feet
0.13
Acres
One Beacon, 6.41% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.
Facts & Features
| MLS® # | 73226159 |
|---|---|
| Price | $4,600,000 |
| Bedrooms | 16 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Square Footage | 6,812 |
| Acres | 0.13 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
| Taxes | $30,909 |
| Tax Year | 24 |
Community Information
| Address | 1 Beacon St |
|---|---|
| Area | Inman Square |
| City | Somerville |
| County | Middlesex |
| State | MA |
| Zip Code | 02143 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Washer, Dryer |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 10 |
| Basement | Yes |
| Basement Features | Unfinished |
Exterior
| Exterior Features | Balcony/Deck |
|---|---|
| Lot Description | Corner Lot |
| Roof | Rubber |
| Foundation | Other |
Additional Information
| Zoning | MR4 |
|---|---|
| Condo Fees | $0 |
| Units In Complex | 6 |
| Electric | Individually Metered |
| Road Type | Public |
| Water | Public |
| Sewer | Public Sewer |
Listing Details
| Agent | John Pentore |
|---|---|
| Office | Horvath & Tremblay |
| Buyer Agent Compensation | 2% |
| Buyer Agent Compensation Type | % |
| Compensation Based On | Net Sale Price |
| Sub Agency Relationship Offered | No |