241 Highland Avenue

Somerville, MA 02143

$1,800,000
Price
3
Beds
3
Baths
4,247 Sq. Ft.
$424 / Sq. Ft.
4,247
Sq. Ft.
$424
per Sq. Ft.

Description

This meticulously maintained three-family building boasts a prime location and is fully leased to a vibrant community of young professionals. Additionally, it features coveted retail space on the ground floor, across from Somerville Hospital, offering endless possibilities for entrepreneurial ventures. Key Features: Fully Leased: Enjoy immediate returns on your investment with all three residential units occupied by young professionals. This ensures a steady stream of rental income from day one....This meticulously maintained three-family building boasts a prime location and is fully leased to a vibrant community of young professionals. Additionally, it features coveted retail space on the ground floor, across from Somerville Hospital, offering endless possibilities for entrepreneurial ventures. Key Features: Fully Leased: Enjoy immediate returns on your investment with all three residential units occupied by young professionals. This ensures a steady stream of rental income from day one. Prime Location: Situated in the heart of Somerville, this property benefits from the bustling atmosphere of Highland Ave. With convenient access to public transportation, restaurants, and amenities, it attracts tenants seeking convenience and lifestyle. Retail Space: The first floor presents an exciting opportunity for retail businesses to thrive across from Somerville Hospital. Whether it's a cozy cafe, boutique shop, or professional office, this versatile space offers endless pot
  1. Listed by Junyu Luo • Harmony Hill Realty LLC

Property Details for 241 Highland Avenue

Town
Somerville
Area
MA-Somerville
Garage Spaces
1
Parking Spaces
1.00
Parking Spaces Total
2

Location

Listing Courtesy of Harmony Hill Realty LLC, Junyu Luo
Add your commute
LISTING UPDATED: 04/12/2024 03:06 AM

Property Details for 241 Highland Avenue

StatusActive
MLS #73221310
Days on Market22
Taxes$8,566 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Harmony Hill Realty LLC, Junyu Luo
Add your commute

Building Information for 241 Highland Avenue

Stories9Residences4Year Built1900Building Size-Lot Size0.07 AC / 3,236 SF

Payment Calculator

$10,537 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$714

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 241 Highland Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 4247.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Fencing: Fenced/Enclosed
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
Utilities
  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Seller hired contractor to renovation the retail space to be leased. Seller prefer credit to the buyer for a quick sale.
Tax Information
  • Tax ID: M:34 B:E L:47,752348
  • Assessments: $814,300
  • Book: NA
  • Tax Year: 2024
  • Zoning: RC
Building / Association Information
Living Characteristics
  • Beds Total: 3
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $88,200.00
  • NOI: $88,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 3
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 4
Rental Info
Rental Info
  • Total Actual Rent: $7,400.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Selling Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 241 Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 241 Highland Avenue

Taxable ValueLand$459,600Additions$354,700Total$814,300
Home Facts
Baths3Total Finished SqFt4,247 SqFtAbove Grade Finished SqFt4,247 SqFtStories3Lot Size3,236 SqFtStyleOffice BuildingYear Built1900ZoningRCCountyMIDDLESEXAPNSOME M:34 B:E L:47

Schools near 241 Highland Avenue

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 5
Public - PK to 8
Rating
School
Distance
John F. Kennedy Elementary School
PublicPK to 8

Somerville High School
Public9 to 12

Benjamin G. Brown School
PublicK to 5

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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241 Highland Avenue is a multi-family home for sale in Somerville, MA 02143. This property was listed for sale on April 8, 2024 by Harmony Hill Realty LLC, it's currently listed at $1,800,000. This listing's school district is Somerville School District. Nearby schools include John F. Kennedy Elementary School, Somerville High School and Benjamin G. Brown School. 241 Highland Avenue is a 3-bed, 3-bath, 4,247 sqft multi-family home built in 1900.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Harmony Hill Realty LLC, Junyu Luo

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.