72 Beacon Street, Somerville MA 02143
About this home
72 Beacon Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 5.93% cap rate on current income. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Property has undergone extensive interior renovations featuring condo quality finishes including brand new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, hardwood floors, central air-conditioning, dishwashers and laundry in each unit. Additionally, all of the building’s mechanicals have been replaced. Building amenities include a private yard, and two off-street parking spaces. Somerville’s outlook is bright, and rental continues at a steady rate. The submarket continues to accelerate as the city’s transportation infrastructure expands and rents are expected to rise over the coming years.
Sale Statistics
This property sold for 6.8% below the original asking price.
The property spent 45 days on market before selling.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
72 Beacon Street, Somerville MA 02143
Somerville, MA 02143
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Dec 21, 2023Listed for Sale
Jul 21, 2023| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 12/21/2023 | ✓ Sold | $2,050,000 | - | - | Property sold |
| 07/21/2023 | 🏠 Listed for Sale | $2,200,000 | - | - | Original listing |