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63 Simpson Ave

Somerville, MA 02144
  • $1,350,000
  • STATUS: Under Agreement
  • MLS #: 73055603
Pending
UPDATED: 27 min ago
$1,350,000
  • 9
    BEDS
  • 0.07
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,175
    SQFT
  • $425
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing courtesy of John Pentore of Horvath & Tremblay.

Description

63 Simpson Avenue offers the ability to add value to a well-constructed building and the rare opportunity to acquire an exceptionally well-located asset in one of the hottest real estate markets in a region that is poised for future growth. Located in Somervilles Davis Square neighborhood, the Property is only 4 blocks from the Davis MBTA Station with service on the Red Line and unparalleled access to Tufts University. The Property consists of a three-story building with two (2) duplex units consisting of one (1), 4-Bedroom/2-Bathroom duplex unit and one (1), 5-Bedroom/2-Bathroom duplex unit with 3,175 square feet of living area in 4,861 square feet of gross area, on a 0.07-acre parcel. The current owner has made many updates throughout the course of ownership providing the opportunity to raise rents to market with the existing condition or to renovate the units to condo-quality to raise rents even further.

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The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-12-05T19:04:08.877.
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63 Simpson Ave Somerville, MA 02144

  • Price: $1,350,000
  • Status: Under Agreement
  • On Site: Days
  • Updated: 27 min ago
  • MLS #: 73055603
9
Beds
4
Baths
0
½ Baths
0.07
Acres
3,175
SQFT
$425
$/SQFT
1900
Built
County:
Middlesex
Property Description
63 Simpson Avenue offers the ability to add value to a well-constructed building and the rare opportunity to acquire an exceptionally well-located asset in one of the hottest real estate markets in a region that is poised for future growth. Located in Somervilles Davis Square neighborhood, the Property is only 4 blocks from the Davis MBTA Station with service on the Red Line and unparalleled access to Tufts University. The Property consists of a three-story building with two (2) duplex units consisting of one (1), 4-Bedroom/2-Bathroom duplex unit and one (1), 5-Bedroom/2-Bathroom duplex unit with 3,175 square feet of living area in 4,861 square feet of gross area, on a 0.07-acre parcel. The current owner has made many updates throughout the course of ownership providing the opportunity to raise rents to market with the existing condition or to renovate the units to condo-quality to raise rents even further.
Exterior Features

Covered Spaces 0 Garage YN No Lot Features Other Parking Features Tandem Parking Total 4 Patio And Porch Features Porch Roof Slate Waterfront YN No

Interior Features

Appliances Gas Water Heater Building Area Total 3175 Fireplace YN No Fireplaces Total 0 Foundation Details Other Lead Paint Unknown Rooms Total 13

Property Features

Buyer Agency Compensation 2.5 Contingency Inspection Electric Individually Metered Gross Income 97200 Net Operating Income 71771 Operating Expense 25429 Property Sub Type Duplex Sewer Public Sewer Sub Agency Compensation 0 Tax Annual Amount 15547 Tax Year 2023 Total Actual Rent 8100 Transaction Broker Compensation 0 Water Source Public Year Built Details Approximate Zoning Nr

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of John Pentore of Horvath & Tremblay: 781-776-4000.


The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-12-05T19:04:08.877.
 
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Charlesgate Realty Group
867 Boylston Street, Fl 3
Boston MA, 02116
Listing courtesy of John Pentore of Horvath & Tremblay.