56-58 Walnut St. & 4-6 Pleasant St, Somerville, MA 02143 | MLS 72660222 | Listing Information | Bowes Real Estate

56-58 Walnut St. & 4-6 Pleasant St,  Somerville MA, 02143

(NEW LISTING)
$9,000,000
|
26 beds, 22 Full baths, 16,229 sqft
|
MLS# 72660222
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Last Updated: 5/25/2020 12:43 PM
Description for 56-58 Walnut St. & 4-6 Pleasant St Somerville, MA 02143
The Hollander Block consists of two majestic Queen Anne buildings on the corner of Walnut St & Pleasant Ave on Prospect Hill in Union Sq, one of the fastest growing neighborhoods in Somerville. This rare asset consists of 22 apartments - 20 one bed & 2 three bed units. The property is conveniently located just 3 blocks from bustling Union Sq, soon to be home to the new Green Line extension. The neighborhood boasts many great shops & restaurants including the recently established Bow Market. The Union Square Redevelopment has added to the upward trajectory that Union Sq has been experiencing and is poised to add 2.4 million sqft of office, retail and lab space. All leases are ending on varying dates in the summer of 2020, producing annual gross income of $525,000 with projected annual gross income of $591,000. There is significant value add opportunity through cosmetic updates and basic living area optimization. Rubber roofs replaced in 2002 & 2014, gas heat conversion in 2008.
Price
$9,000,000
Middlesex
26
22 Full
16,229 (approx)
72660222
NEW LISTING
Description
The Hollander Block consists of two majestic Queen Anne buildings on the corner of Walnut St & Pleasant Ave on Prospect Hill in Union Sq, one of the fastest growing neighborhoods in Somerville. This rare asset consists of 22 apartments - 20 one bed & 2 three bed units. The property is conveniently located just 3 blocks from bustling Union Sq, soon to be home to the new Green Line extension. The neighborhood boasts many great shops & restaurants including the recently established Bow Market. The Union Square Redevelopment has added to the upward trajectory that Union Sq has been experiencing and is poised to add 2.4 million sqft of office, retail and lab space. All leases are ending on varying dates in the summer of 2020, producing annual gross income of $525,000 with projected annual gross income of $591,000. There is significant value add opportunity through cosmetic updates and basic living area optimization. Rubber roofs replaced in 2002 & 2014, gas heat conversion in 2008.
Listing Information
Property Type: Multi-Family, Other
26 22 Full
6 0.44 Acres 16,229 (approx)
$554.56 1890 Other
Fieldstone
City/Town Water
City/Town Sewer
Neighborhood
Room Information
Bathrooms
22
Interior Features
Y
6, 6
Exterior / Lot Features
0
Other
Rubber
res
Porch, Corner
Driving Directions
three blocks north of Union Sq
Financial Considerations
$4,641,100
$6,202,400
Listing Price History

Somerville Real Estate

Somerville is located in Massachusetts. Somerville, Massachusetts 02143 has a population of 81,036.

The median household income for the surrounding county is $76,456 compared to the national median of $50,013. The median age of people living in Somerville 02143 is 41 years.

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Courtesy: Adam Umina - Metro Realty Corp.
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 its 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.
This content last refreshed on 5/25/2020 12:43 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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