53 Sargent Avenue

Somerville, MA 02145

$1,050,000
Last Sold Price
5
Beds
4
Baths
3,644 Sq. Ft.
$288 / Sq. Ft.
3,644
Sq. Ft.
$288
per Sq. Ft.

Description

Location + Cash Flow - What else could you be looking for in an investment property? This Winter Hill 3-family is perfect for the smart investor looking for a secure cash flow investment with plenty of future upside! The current owner has owned and managed this property for 50 years and has meticulously maintained every inch of the property for his tenants over the years. In addition to the 3 leased units, the basement is finished and has the potential for expansion and extra rental income. Amenities...Location + Cash Flow - What else could you be looking for in an investment property? This Winter Hill 3-family is perfect for the smart investor looking for a secure cash flow investment with plenty of future upside! The current owner has owned and managed this property for 50 years and has meticulously maintained every inch of the property for his tenants over the years. In addition to the 3 leased units, the basement is finished and has the potential for expansion and extra rental income. Amenities include highway access to Route 93, close proximity to Somerville's Assembly Row, Davis Square and Tufts University, and beautiful views of downtown Boston. After expenses, the property cash flows over $60,000 each year with plenty of rental upside in the future. Come by and see this turnkey investment property and close out before the end of the year! Open Houses will be Saturday, November 11th, from 12 - 2pm, and Sunday, November 12th, from 11 - 1pm.
  1. Listed by Rodney Sinclair • J. Barrett & Company

Property Details for 53 Sargent Avenue

Town
Somerville
MLS Area
Winter Hill
Area
MA-Somerville-Winter Hill, MA-Somerville
Garage Spaces
0
Parking Spaces
3.00
Parking Spaces Total
3

Location

Listing Courtesy of J. Barrett & Company, Rodney Sinclair

Sold By Harvard Realty Advisors, LTD, ChiChi Liao

Add your commute
LISTING UPDATED: 01/03/2024 03:11 PM

Property Details for 53 Sargent Avenue

StatusSold
MLS #73178851
Days on Market22
Taxes$12,657 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1905
CountyMiddlesex County

Location

Listing Courtesy of J. Barrett & Company, Rodney Sinclair

Sold By Harvard Realty Advisors, LTD, ChiChi Liao

Add your commute

Building Information for 53 Sargent Avenue

Stories6Residences3Year Built1905Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$6,785 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$1,055

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 53 Sargent Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship
  • Current Financing: Cash
  • Living Area: 3644.0
  • SqFt with Basement: Yes
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: Winter Hill
  • High School: Somerville High
  • Middle School: Next Wave
Features
Interior Features
  • Appliances: Unit 1(Range, Dishwasher, Refrigerator, Washer, Dryer, Oven - ENERGY STAR), Unit 2(Dishwasher, Unit 3(Dishwasher
  • Basement Features: Finished
  • 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: Wood, Carpet, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Features: Unit 1(Bathroom With Tub & Shower, Internet Available - Broadband), Unit 2(Ceiling Fans, Bathroom With Tub & Shower, Unit 3(Ceiling Fans, Bathroom with Shower Stall, Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Mudroom), Unit 3 Rooms(Living Room
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch, Balcony, Gutters, Storage Shed, Fenced Yard, City View(s)
  • Exterior Features: City View(s), Fenced Yard, Balcony, Porch
  • Fencing: Fenced
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
  • View: City
  • View: Yes
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Tandem
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Cooling: Yes
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard), Unit 3(Hot Water Baseboard)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Unit 3 (1-bedroom unit) is unavailable during the open houses,but photos are provided.
Tax Information
  • Tax ID: M:71 B:D L:17,757751
  • Assessments: $1,224,100
  • Book: 32495
  • Tax Year: 2023
  • Zoning: RB
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Tax Return, Pro. Forma Available
  • GOI: $87,600.00
  • Insurance: $2,644.00
  • GRE: $19,194
  • NOI: $68,406.00
  • Operating Expense: $19,194.00
  • WSE: $4,327.00
Complex & Association Information
  • Adult Community: No
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: $7,300.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 53 Sargent 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 53 Sargent Avenue

Taxable ValueLand$442,400Additions$791,300Total$1,233,700
Tax Record2024$12,979 ($1,082 / month)
Home Facts
Baths4Total Finished SqFt3,223 SqFtAbove Grade Finished SqFt3,223 SqFtStories3Lot Size3,049 SqFtStyleMulti-Family Res (5+ Units)Year Built1905ZoningRBCountyMIDDLESEXAPNSOME M:71 B:D L:17

Schools near 53 Sargent Avenue

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Winter Hill Community School
PublicPK to 8

Next Wave Junior High School
Public7 to 8

Somerville High School
Public9 to 12

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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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 J. Barrett & Company, Rodney Sinclair

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.