Multifamily
Summer Street Apartments
207 Summer St, Somerville, MA 02143
Listing Price: $1,950,000
Investment Overview
Marcus & Millichap is excited to present 207 Summer Street in Somerville, MA. The building is comprised of (3) three-bedroom, two-bath apartments. Each apartment features large open layouts, modern kitchens, separate living and dining rooms, tile and hardwood floors, ample closet storage, outdoor space, and separately metered electric and gas responsible by the tenants. In addition, coin-op laundry available in the basement of the building for tenants. The large 1200+ SF apartments offer the potential to convert to four-bedroom, two-bath apartments resulting in significant upside in the net income. 207 Summer Street is conveniently and centrally located within walking distance to Porter Square and the MBTA Red Line Station and Commuter Rail, the new MBTA Green Line Gilman Square and Magoun Square extensions and Harvard University. The area continues to be highly demanded by young professionals and students with close proximity to Boston and some of the nations best technology and bio-tech companies, and is home to many of the regions most trendy restaurants, entertainment options, and shopping destinations which makes 207 Summer Street a well positioned investment opportunity.
Summer Street Apartments
Investment Highlights
- Three-unit apartment building comprised of 9-bedrooms/6-baths located in the heart of Somerville, MA.
- Large units over 1200+ SF with 3-bedrooms and 2-full baths with the ability to transition dining room into a 4th bedroom. Front and back balconies available for each unit as well.
- All separated steam gas-utilities that are responsibility of the tenants. Coin-op laundry available in the basement for tenants.
- Recent capital improvements include new windows and appliance replacement.
- Conveniently located within walking distance of Porter Square and MBTA Red Line and Commuter Rail, the new MBTA Green Line extension stations at Gilman Square and Magoun Square, and Harvard University.
Exclusively Listed By
Financing By
Listing Price: $1,950,000
Investment Highlights
- Three-unit apartment building comprised of 9-bedrooms/6-baths located in the heart of Somerville, MA.
- Large units over 1200+ SF with 3-bedrooms and 2-full baths with the ability to transition dining room into a 4th bedroom. Front and back balconies available for each unit as well.
- All separated steam gas-utilities that are responsibility of the tenants. Coin-op laundry available in the basement for tenants.
- Recent capital improvements include new windows and appliance replacement.
- Conveniently located within walking distance of Porter Square and MBTA Red Line and Commuter Rail, the new MBTA Green Line extension stations at Gilman Square and Magoun Square, and Harvard University.
Investment Overview
Marcus & Millichap is excited to present 207 Summer Street in Somerville, MA. The building is comprised of (3) three-bedroom, two-bath apartments. Each apartment features large open layouts, modern kitchens, separate living and dining rooms, tile and hardwood floors, ample closet storage, outdoor space, and separately metered electric and gas responsible by the tenants. In addition, coin-op laundry available in the basement of the building for tenants. The large 1200+ SF apartments offer the potential to convert to four-bedroom, two-bath apartments resulting in significant upside in the net income. 207 Summer Street is conveniently and centrally located within walking distance to Porter Square and the MBTA Red Line Station and Commuter Rail, the new MBTA Green Line Gilman Square and Magoun Square extensions and Harvard University. The area continues to be highly demanded by young professionals and students with close proximity to Boston and some of the nations best technology and bio-tech companies, and is home to many of the regions most trendy restaurants, entertainment options, and shopping destinations which makes 207 Summer Street a well positioned investment opportunity.
Exclusively Listed By
Financing By
