1 Beacon St, Somerville, MA

$4,600,000

Previous Next

16

Beds

8

Baths

6,812

Square feet

0.13

Acres

About 1 Beacon St

One Beacon, 6.41% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.

Features of 1 Beacon St

MLS® # 73226159
Price $4,600,000
Bedrooms 16
Bathrooms 8.00
Full Baths 8
Square Footage 6,812
Acres 0.13
Year Built 1900
Type Residential Income
Sub-Type 5-9 Family
Status Active

Community Information

Address 1 Beacon St
Area Inman Square
City Somerville
County Middlesex
State MA
Zip Code 02143

Amenities

Parking Spaces 4
Parking Off Street
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 10

Additional Information

Zoning MR4

Listing Details

Agent John Pentore
Office Horvath & Tremblay
Buyer Agent Compensation 2%
Buyer Agent Compensation Type %
Compensation Based On Net Sale Price
Sub Agency Relationship Offered No

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?