Gary Vrotsos Team
Gary J. Vrotsos: 617-901-7117 | [email protected]
Gary S. Vrotsos: 781-838-1445 | [email protected]

67 Marion St, Somerville, MA 02143

Union Square

Multi-Family

$1,975,000
Price
$1,875,000
Sale Price

3
Units
3,393
Approx. GLA
CASH COW, TURN KEY INVESTMENT! Spacious, 18 room, stately triple decker on Cambridge/Somerville line just off Beacon St near Whole Foods. Bay windows, hardwood floors, updated kitchens and baths, rubber roof, newer updated systems, 200 Amp electric, coin op laundry, oversized rear porches with mahogany flooring, separate heat and hot water and super convenient to Union Sq ( Green line opening fall, 2021) as well as Inman, Harvard and Tech Squares.3 car tandem parking in driveway: PRESENT GOI $123000; PRESENT NET IS $101,655. 5% CAP IS $2,033,100 ! Leases in place through August 31. 2022. This property has been very well maintained for many years by seasoned property owner and offers tons of upside going forward .
Highlights
Sale Price: $1,875,000
Settled Date: 6/30/2021 12:00:00 AM
Area/Village: Union Square
Basement Features: Full, Unfinished Basement
List Price: $1,975,000
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Sold
Beds: 12
Baths: 3
Half Baths: 1
Units: 3
Year Built: 1920
Year Round: Yes
Approx. GLA: 3,393
MLS#: 72847048
 
 
Interior
Basement: Yes
Electricity Cost: $400
Electric Features: Circuit Breakers
Heating Units: 3
Heating Zones: 3
Flooring: Tile, Hardwood
Energy: Insulated Windows
Rooms: 18
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Facing: Southeast
Acres: 0.06
Lot Size: 2,532.00
Lot Description: Paved Drive, City View(s), Level
Foundation: Fieldstone, Brick
Parking Spaces: 3
Parking Features: Off-Street, Improved Driveway
Road Type: Public
Color: Green
Construction: Frame
Roof Material: Rubber
Utility: for Gas Range
Exterior: Wood
Exterior Features: City View(s), Deck - Wood, Fenced Yard
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $1,545,100
Taxes: $15,745
Tax Year: 2021
Book/Page: 13475/74
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $124,000
Gross Expenses: $22,345
Total Rent: $10,250
Net Income: $101,655
Insurance Cost: $2,200
R&M Cost: $1,500
Water Cost: $2,500
 
Additional
Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Disclosure Declaration: No
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 4 0 1 1 1 Yes 1 $3,350
Unit 2 6 4 0 2 1 0 Yes 1 $3,400
Unit 3 6 4 0 3 1 0 Yes 1 $3,500
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Disposal, Refrigerator  Heating:  Steam, Gas  Interior:  Bathroom With Tub & Shower, Box/Bay/Bow Window(s), Hardwood Floors, Cable TV Available, Storage, Balcony/Deck  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Dishwasher, Disposal, Refrigerator  Heating:  Steam, Gas  Interior:  Box/Bay/Bow Window(s), Hardwood Floors, Internet Available - Unknown, Upgraded Cabinets, Upgraded Countertops, Pantry, Storage, Balcony/Deck  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Dishwasher, Disposal, Refrigerator  Heating:  Steam, Gas  Interior:  Hardwood Floors, Internet Available - Unknown, Upgraded Cabinets, Cable TV Available, Pantry, Storage  Rooms:  Living Room, Kitchen 
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The listing office is Coldwell Banker Realty - Cambridge and the listing agent is Gary Vrotsos Team. 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 1/27/2022 5:35:00 PM.
 
Gary Vrotsos Team
Gary Vrotsos Team
Coldwell Banker Residential Brokerage