Joseph Duggan | Malden Real Estate, Medford Real Estate, Melrose Real Estate

40 Otis St, Somerville, MA 02145  

East Somerville
Sale Price
Approx. GLA
Fantastic investment! Attention Owner Occupants or Investors! Great location in East Somerville! Short distance to so much... Assembly Row, Sullivan Sq T, Rt 93, McGrath Hwy, Trum Field and more. This DELEADED 2 family features good sized bedrooms and hardwood floors on the 1st and 2nd floors. All separate utilities. 4-5 car parking plus 2 car garage. The house is solid and needs some updating but well worth it. Some vinyl windows and some older. 1st floor furnace newer installed in 2016 and H2O tank 2017. 2nd furnace older but in working order with H2O tank installed in 2012. 1st floor unit lease ends 4/2020 and 2nd floor unit is vacant. Basement is equipped with add'l 1/2 bath and kitchenette (without stove, as is code) and storage area. With your updates and fixing up, this property will be a money maker. Amazing opportunity to own a 2 family in East Somerville which is booming! Upcoming showings at Open house only Sat (10-26) 11-12pm.
Terms: Contract for Deed
Sale Price: $760,000
Settled Date: 12/16/2019 12:00:00 AM
Area/Village: East Somerville
Basement Features: Full, Partially Finished, Walk Out, Interior Access, Sump Pump, Concrete Floor
List Price: $759,900
Type: Multi-Family
Multi-Family Type: 2 Family - 2 Units Up/Down
Status: Sold
Beds: 6
Baths: 2
Half Baths: 1
Units: 2
Year Built: 1890
Year Round: Yes
Approx. GLA: 2,359
MLS#: 72573243
Basement: Yes
Electric Features: Circuit Breakers, 100 Amps, Individually Metered
Heating Units: 2
Heating Zones: 2
Flooring: Tile, Hardwood
Energy: Varies per Unit
Hot Water: Natural Gas, Tank
Rooms: 11
Lead Paint: Certified Treated
Total Floors: 3
Water: No
Acres: 0.08
Lot Size: 3,650.00
Lot Description: Paved Drive
Foundation: Fieldstone, Brick
Garage Spaces: 2
Parking Spaces: 4
Parking Features: Off-Street, Tandem, Paved Driveway
Road Type: Public
Color: Beige
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
Exterior: Vinyl
Exterior Features: Garden Area, Porch, Patio, Gutters, Fenced Yard
Water: City/Town Water
Water: City/Town Water
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $635,100
Taxes: $6,834
Tax Year: 2019
Book/Page: 55286/428
Beach: No
Expenses Source: Owner Provided
Gross Income: $43,704
Total Rent: $3,642
Net Income: $43,704
Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
Exclusions: Tenant's belongings, 2nd FL portable D/W, basement washer/dryer
Disclosure Declaration: Yes
Disclosure: Both units have letters of compliance for lead paint/2nd unit vacant/Garage needs new doors and new roof/Chimney needs some repointing/Some light moisture on foundation walls in the past and in high humidity/1/2 bath in basement/See Seller Disclosure statement
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 2 0 1 1 0 Yes 1 $1,392
Unit 2 6 4 0 2 1 0 No 2
Units Extras
Unit 1
Rent Includes:  Water  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas, Individual  Interior:  Cable TV Available  Rooms:  Living Room, Dining Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  Wall AC  Applicances:  Range, Disposal  Heating:  Hot Water Baseboard, Gas  Interior:  Cable TV Available  Rooms:  Living Room, Kitchen 
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The listing office is RE/MAX Trinity and the listing agent is Joseph Duggan. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. and it's 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. The data was last modified on 12/18/2018 2:44:00 PM.