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171-175 Tremont St Somerville, MA 02143
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Key Details
Sold Price $3,600,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,354 sqft
Price per Sqft $566
MLS Listing ID 72822218
Sold Date 07/30/21
Bedrooms 15
Full Baths 6
Year Built 1920
Annual Tax Amount $23,341
Tax Year 2021
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type 5-9 Family
Property Description
Golden Opportunity! Nestled in between current and future Life Science hubs, Kendall Sq and Union Sq., and equidistant to Harvard and MIT, 171-175 Tremont is a massive 6 family property which shows pride of ownership at every turn. All apts have large rooms, balconies, high ceilings, antique hardwood floors, and fully applianced kitchens. The maintenance free exterior, replacement windows, and separate utility systems make this a perfect income property for the passive investor or a great condo conversion for a savvy developer. Residents love the huge parking lot with room for 12+ cars! Leases are set to expire this summer, and two units are currently vacant. Current rents are below market. Trendy shops and restaurants are at your doorstep, and the property is under 1 mile to the Central Sq T Stop. Somerville consistently rates as one of the best rental markets in the region due to high density, amenities and local universities and businesses
Location
State MA
County Middlesex
Area Inman Square
Zoning RB
Direction On Tremont St in between Webster Ave and Cambridge St
Rooms
Basement Full, Interior Entry, Sump Pump, Concrete
Interior
Interior Features Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room, Kitchen), Unit 4 Rooms(Living Room, Dining Room, Kitchen)
Heating Unit 1(Hot Water Baseboard, Gas), Unit 2(Forced Air, Gas), Unit 3(Hot Water Baseboard, Gas)
Flooring Wood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
Appliance Washer, Dryer, Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Dishwasher, Refrigerator), Unit 3(Range, Dishwasher, Refrigerator), Unit 4(Range, Dishwasher, Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
Exterior
Community Features Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School, T-Station, University
Utilities Available for Gas Range, for Electric Range
View Y/N Yes
View City View(s)
Roof Type Rubber
Total Parking Spaces 12
Garage No
Building
Story 9
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Read Less
Bought with Tim Schmidt • RE/MAX Destiny