74 Morrison Ave

3,475 Sq. Ft.
$633 / Sq. Ft.
3,475
Sq. Ft.
$633
per Sq. Ft.

Description

Completely TURNKEY three family investment right on the bike path to Davis Square! Property was gut rehabbed in 2016 which included all new systems, open layouts, modern appliances and fixtures, and refinished flooring. All the hard work has been done on this one - perfect for an investor looking for a stabilized asset, owner occupant, or condo conversion. Property has a driveway that can accommodate four cars and a well maintained yard with patio. Each unit has its own private decks, central AC,...Completely TURNKEY three family investment right on the bike path to Davis Square! Property was gut rehabbed in 2016 which included all new systems, open layouts, modern appliances and fixtures, and refinished flooring. All the hard work has been done on this one - perfect for an investor looking for a stabilized asset, owner occupant, or condo conversion. Property has a driveway that can accommodate four cars and a well maintained yard with patio. Each unit has its own private decks, central AC, and laundry in unit. Value add opportunities include rent increases and use of water/sewer submetering (installed but not currently in use). This is a truly rare chance to acquire a well sorted investment in a strong rental area with historically high appreciation - take a look today!
  1. Listed by Tyler Munroe • Rent Source LLC

Property Details for 74 Morrison Avenue

Town
Somerville
MLS Area
Davis Square
Area
MA-Somerville-Davis Square, MA-Somerville
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4
LISTING UPDATED: 07/17/2022 11:47 AM

Property Details for 74 Morrison Avenue

StatusSold
MLS #72978326
Days on Market14
Taxes$19,979 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Rent Source LLC, Tyler Munroe

Sold By Redfin Corp., Andrew Junas

Add your commute

Building Information for 74 Morrison Avenue

Stories6Residences3Year Built1900Building Size-Lot Size0.10 AC / 4,313 SF

Payment Calculator

$12,387 per month

30 year fixed, 6.15% Interest

Principal and Interest

$10,722

Property Taxes

$1,665

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 74 Morrison Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Walk/Jog Trails, Bike Path, T-Station, University
  • Current Financing: Conv. Fixed
  • Living Area: 3475.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer), Unit 2(Range, Disposal, Unit 3(Wall Oven, Gas Water Heater
  • Basement Features: Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Features: Unit 1 Rooms(Living Room, Family Room), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room
Exterior Features
  • Exterior Features: Porch, Patio
  • Lot Description: Level
  • Patio And Porch Features: Porch, Patio
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
  • Cooling: Yes
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Listing brokerage is also property manager.
Tax Information
  • Tax ID: 751244
  • Assessments: $2,010,000
  • Book: 70103
  • Tax Year: 2021
  • Zoning: RA
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 3
  • Cooling Zones: 3
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • Annual Expenses Source: Other (See Remarks)
  • GOI: $115,050.00
  • GRE: $38,961
  • NOI: $76,088.00
  • Operating Expense: $38,961.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,375.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 74 Morrison Avenue

DateEvent & SourcePriceAppreciation
Jul 15, 2022

Sold

MLS PIN #72978326

$2,200,000—
May 17, 2022

Under Agreement

MLS PIN #72978326

—
May 17, 2022

Contingent

MLS PIN #72978326

—
May 9, 2022

Listed (Active)

MLS PIN #72978326

$2,199,000—
Oct 20, 2017

Sold

MLS PIN #72224182

$1,902,000—
Sep 14, 2017

Under Agreement

MLS PIN #72224182

—
Sep 14, 2017

Contingent

MLS PIN #72224182

—
Sep 6, 2017

Listed (Active)

MLS PIN #72224182

$1,848,000—
Nov 7, 2014

Sold (Public Record)

Public Record #483280863

$1,050,000

+838.7% / yr

Nov 7, 2014

Sold

MLS PIN #71741511

$1,050,000—
Sep 17, 2014

Under Agreement

MLS PIN #71741511

—
Sep 17, 2014

Contingent

MLS PIN #71741511

—
Sep 10, 2014

Listed (Active)

MLS PIN #71741511

$875,000—
Aug 29, 2008

Sold (Public Record)

Public Record #326602892

$1—
DateEvent & SourcePrice
07/15/2022

Sold

MLS PIN #72978326

$2,200,000
05/17/2022

Under Agreement

MLS PIN #72978326

—
05/17/2022

Contingent

MLS PIN #72978326

—
05/09/2022

Listed (Active)

MLS PIN #72978326

$2,199,000
10/20/2017

Sold

MLS PIN #72224182

$1,902,000
09/14/2017

Under Agreement

MLS PIN #72224182

—
09/14/2017

Contingent

MLS PIN #72224182

—
09/06/2017

Listed (Active)

MLS PIN #72224182

$1,848,000
11/07/2014

Sold (Public Record)

Public Record #483280863

$1,050,000

+838.7% / yr

11/07/2014

Sold

MLS PIN #71741511

$1,050,000
09/17/2014

Under Agreement

MLS PIN #71741511

—
09/17/2014

Contingent

MLS PIN #71741511

—
09/10/2014

Listed (Active)

MLS PIN #71741511

$875,000
08/29/2008

Sold (Public Record)

Public Record #326602892

$1

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 74 Morrison Avenue

Taxable ValueLand$742,200Additions$1,401,400Total$2,143,600
Tax Record2025$23,387 ($1,949 / month)
Home Facts
Baths4Total Finished SqFt3,476 SqFtAbove Grade Finished SqFt3,476 SqFtStories3Lot Size4,313 SqFtStyleTriplexYear Built1900ZoningRACountyMIDDLESEXAPNSOME M:28 B:J L:10

Schools near 74 Morrison Avenue

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Benjamin G. Brown School
PublicK to 5

John F. Kennedy Elementary School
PublicPK to 8

Somerville High School
Public9 to 12

Winter Hill Community School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rent Source LLC, Tyler Munroe

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.