1 Beacon Street
1 Beacon Street
$4,600,000
16
8
6,812
6,812
$675
Description
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...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.
- Listed by John Pentore • Horvath & Tremblay
- Listed by Dennis Kelleher • Horvath & Tremblay
Property Details for 1 Beacon Street
Town
Somerville
MLS AreaInman Square
AreaMA-Somerville-Inman Square, MA-Somerville
Garage Spaces0
Parking Spaces4.00
Parking Spaces Total4
Location
LISTING UPDATED: 05/01/2024 02:33 PM
Property Details for 1 Beacon Street
Status | Active |
---|---|
MLS # | 73226159 |
Days on Market | 15 |
Taxes | $30,909 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5-9 Family |
Year Built | 1900 |
County | Middlesex County |
Location
Building Information for 1 Beacon Street
Stories10Residences6Year Built1900Building Size-Lot Size0.13 AC / 5,662 SF
Payment Calculator
$27,680 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1 Beacon Street
Property History for 1 Beacon Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1 Beacon Street
Taxable ValueLand$570,400Additions$1,726,500Total$2,296,900
Home Facts
Baths5.5Total Finished SqFt6,812 SqFtAbove Grade Finished SqFt6,812 SqFtStories3Lot Size5,450 SqFtStyleOffice BuildingYear Built1900ZoningRCCountyMIDDLESEXAPNSOME M:76 B:E L:9
Schools near 1 Beacon Street
This home is within Somerville School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 | |||
Public - | 7 to 8 |
Rating | School | Distance |
---|---|---|
Albert F. Argenziano School At Lincoln Park PublicPK to 8 | ||
Somerville High School Public9 to 12 | ||
E Somerville Community PublicK to 8 | ||
Next Wave Junior High School Public7 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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