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SOLD 2/5/2016

235 Holland Street, Somerville, MA 02144$1,625,000

6
beds
3
baths
3616
ft2
· 3250
ft2 lot
$449 / ft2

Listing provided courtesy of Listing Broker: John Schwagerl and Scott Twadelle, RCG Properties
Source MLS PIN;
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Rare opportunity to purchase a four unit income property in the Davis/Teele Square location! This mixed use property contains two popular restaurants on the first level with $4800/month total rent, leases in place and certainly room for further income growth. Previous office space on the second floor has been transformed into two nice 2+BD apartments with their own private entrances. Pictures show the newly renovated units offer new granite counters, white cabinets and stainless appliances in the kitchens, an open floor plan, wood floors, new electric service connection and heat. Washer/dryers located at apt level. The properties condition and location make this opportunity a winner for the investor that is looking to purchase a solid income stream with minimum risk. Close proximity to Tufts University, popular Teele and Davis Square shops and restaurants as well as the Red Line T station make this property easy to rent with little vacancy to project.

HOA

$—/month

On market

a month

Year built

1900

Property type

4 Family 4 Units Up/Down

Parking

MLS

71931397

Price / Sq.Ft.

$449 / ft2

Status

Sold

Home details for 235 Holland Street

Interior Features & Layout
Rooms Info
•   
Additional Rooms: Dining Room, Kitchen, Dining Room, Kitchen, Living Room, Kitchen, Living Room, Kitchen
•   
Total Levels: 2, 6, 4
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 1, 1
•   
Total Levels Unit 3: 2, 1
•   
Total Levels Unit 4: 1
•   
Total Rooms Unit 1: 2
•   
Total Rooms Unit 2: 2
•   
Total Rooms Unit 3: 5
•   
Total Rooms Unit 4: 5
•   
Total Rooms: 14, 14, 14
Heating & Cooling
•   
Heating Description Unit4: Forced Air, Gas
•   
Heating Description Unit 1: Forced Air, Gas
•   
Heating Description Unit2: Forced Air, Gas
•   
Heating Description Unit3: Forced Air, Gas
Flooring
•   
Unit 4 Floor Level: 2
•   
Flooring: Wood
Interior Features
•   
Energy Details: Insulated Windows
•   
Interior Features: Cable TV Available, Upgraded Cabinets, Upgraded Countertops, Wood Flooring, Remodeled, Cable TV Available, Hardwood Floors, Upgraded Cabinets, Upgraded Countertops, Remodeled
Appliances
•   
Unit 4 Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
•   
Unit 3 Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Bedrooms Info
•   
Total Beds: 6
•   
Unit 4 Beds: 2
•   
Unit 3 Beds: 2
Bathrooms Info
•   
Full Baths: 2, 2
•   
Half Baths: 2, 2
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Half Baths: 1
•   
Unit 1 Half Baths: 1
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 4
Exterior Features
•   
Color: white
•   
Building Exterior Details: Vinyl, Fenced Yard
Property Type
•   
Property Type: 4 Family - 4 Units Up/Down
•   
Mls Prop Type: 4 Family - 4 Units Up/Down
•   
Mls Property Type: Multi-family
Community Features
•   
Area Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Public School, University
Lot Info
•   
Zoning: BA
•   
Year Round
•   
Lot Description: Level
•   
Acres: 0.07
Building Info
•   
Sqft Source: Appraiser
•   
Foundation: Fieldstone
•   
Roof: Rubber
•   
Year Built Description: Approximate
•   
Lead Paint: Unknown
•   
Year Built Source: Appraiser
•   
Construction Materials: Frame
Basement Info
•   
Basement
•   
Basement Details: Full, Partially Finished, Concrete Floor
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Listing Details, Costs & Financing Information
Listing Info
•   
Offline Listing Number: 2199979
•   
Oh Flag: 1
•   
Status: Sold
Financial Info
•   
Fin Code: Conv. Fixed
Lease Info
•   
Gross Income: 124801
•   
Net Operating Income: 118200
•   
Monthly Rent Unit 1: 2700
•   
Monthly Rent Unit 2: 2100
•   
Monthly Rent Unit 3: 2600
•   
Lease 1
•   
Monthly Rent Unit 4: 2450
•   
Lease 2
•   
Lease 3
•   
Lease 4
•   
Total Rent: 9850
Terms
•   
Exclusions: Seller owns two sets of residential washer/dryers. Could be included if you ask nicely!
Listing Details
•   
Disclosures: House of Tibet just signed a 10 year lease with rent escalation. Café Istanbul"lu lease expires 6-30-17. Ask agent for details by email if interested.
Tax/Assessment Info
•   
Tax Year: 2016
•   
Assessed Value: 827800.00
•   
Taxes: 17033.00
Listing Contacts
•   
Selling Agent: B8000718
School Neighborhood & Directions
Location
•   
Street Number: 235-237
•   
Map Book: 61862
•   
Area: Davis Square
•   
Map Page: 573
•   
Directions: Davis Square, Holland Street towards Broadway and Teele Square
•   
Road Type: Public
Other
Other
•   
Main So: B95053
Calculation
•   
Price Per Sqft: 449.39
•   
List Price Per Sqft: 463.22
•   
Sold Price Per Sqft: 449.39
•   
Cdom Property: 36
•   
Cdom Broker: 36
•   
Cdom: 36

Neighborhood snapshot

52
Properties for sale
15
Median days on market
$647.99
Median sold price/sqft
103.90%
Sold/List %
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Property History for 235 Holland Street

02/07/2016
02/07/2016
MLS PIN #71931397
sold
MLS PIN #71931397
$1,625,000

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