240 School Street
240 School Street
$708,000
8
4
4,256
4,256
$166
Sold 6/8/12
Description
Very Well Maintained Owner Occupied 3 Family on WinterHill. Great investment rental income potential of $5,000+ Mth. $60,000 yr income, 11k yr expenses=$49k yr Net Income! Features a finished basement with full kitchen & bath, & 5 car driveway. Unit #1 owner occupied, potential rent $2100 Mth. Unit #2 is a remodeled 3 Bedrm, currently rented out as a 2 bedrm at $1600Mth. Unit #3 has great tenants,here 8 years now so the rent has stayed $1000 but market value is $1400. Great Return on Investment!Very Well Maintained Owner Occupied 3 Family on WinterHill. Great investment rental income potential of $5,000+ Mth. $60,000 yr income, 11k yr expenses=$49k yr Net Income! Features a finished basement with full kitchen & bath, & 5 car driveway. Unit #1 owner occupied, potential rent $2100 Mth. Unit #2 is a remodeled 3 Bedrm, currently rented out as a 2 bedrm at $1600Mth. Unit #3 has great tenants,here 8 years now so the rent has stayed $1000 but market value is $1400. Great Return on Investment!
- Listed by Jeff Romano • Romano Real Estate
Property Details for 240 School Street
Town
Somerville
MLS AreaWinter Hill
AreaMA-Somerville-Winter Hill, MA-Somerville
StyleGarden
Garage Spaces0
Parking Spaces5.00
Parking Spaces Total5
Location
LISTING UPDATED: 08/06/2022 05:34 AM
Property Details for 240 School Street
Status | Sold |
---|---|
MLS # | 71366839 |
Days on Market | 62 |
Taxes | $7,494 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 3 Family |
Year Built | 1910 |
County | Middlesex County |
Location
Building Information for 240 School Street
Stories6Residences3Year Built1910Building Size-Lot Size0.12 AC / 5,165 SF
Payment Calculator
$4,488 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 240 School Street
Property History for 240 School 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 240 School Street
Taxable ValueLand$440,800Additions$1,045,400Total$1,486,200
Tax Record2024$15,635 ($1,303 / month)
Home Facts
Baths4Total Finished SqFt4,256 SqFtAbove Grade Finished SqFt4,256 SqFtStories3Lot Size5,165 SqFtStyleTriplexYear Built1910ZoningRACountyMIDDLESEXAPNSOME M:59 B:B L:8
Schools near 240 School Street
This home is within Somerville School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Winter Hill Community School PublicPK to 8 | ||
Somerville High School Public9 to 12 | ||
Arthur D. Healey School PublicPK to 8 | ||
Full Circle High School Public9 to 12 |
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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