Seller's Agent in 2020
Chris Sower
Cushman & Wakefield
(617) 204-4134
40 Total Sales
76 Perkins St Somerville, MA 02145
East Somerville Neighborhood
24
Beds
12
Baths
8,688
Sq Ft
7,405
Sq Ft Lot
Highlights
- Deck
- Porch
- 1-minute walk to Perkins Playground
- Somerville High School Rated A-
About This Home
As of December 2020Completely renovated in 2018, 76-78 Perkins Street is a boutique, 6-unit apartment building that offers condo quality finishes and unparalleled commuter access. The 100% occupied property boasts six (6) spacious, four (4) bed, two (2) bath apartments homes that each feature stainless steel appliances as well as in unit washers and dryers, all located steps from the MBTA’s Sullivan SQ Station. Strategically located in one of the most rapidly evolving neighborhoods in the Greater Boston area, the property is surrounded by multiple on-going and upcoming transformative developments, such as Assembly Row, Encore Boston Resort and Casino, Cambridge Crossing, Hood Park, and the Green Line Extension. 76 Perkins offers a rarely available, cash-flowing, turnkey investment opportunity, located in a historically, high barrier to entry market. Current rent roll brings in more than $300,000+ annually and offers very strong in-place yield - approx. 5.5% CAP rate and north of a 9% Cash on Cash return.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 7,405
Outdoor Features
- Deck
- Porch
Additional Features
- Basement
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/14/2020 12/14/20 | Sold | $3,900,000 | -8.2% | $449 / Sq Ft |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- |
| 09/30/2020 09/30/20 | For Sale | $4,250,000 | -- | $489 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $48,499 | $4,445,400 | $563,500 | $3,881,900 |
| 2024 | $46,644 | $4,433,800 | $563,500 | $3,870,300 |
| 2023 | $44,884 | $4,340,800 | $563,500 | $3,777,300 |
| 2022 | $40,366 | $3,965,200 | $536,600 | $3,428,600 |
| 2021 | $37,541 | $3,684,100 | $511,100 | $3,173,000 |
| 2020 | $35,450 | $3,513,400 | $491,500 | $3,021,900 |
| 2019 | $31,190 | $2,898,700 | $399,900 | $2,498,800 |
| 2018 | $23,006 | $2,034,100 | $363,500 | $1,670,600 |
| 2017 | $16,370 | $1,402,700 | $342,900 | $1,059,800 |
| 2016 | $16,700 | $1,332,800 | $241,000 | $1,091,800 |
| 2015 | $18,285 | $1,450,000 | $239,600 | $1,210,400 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Sower
-
Justin Blankenship
Buyer's Agent in 2020
Justin Blankenship
Fiv Realty Co
(617) 918-7419
58 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72734842
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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.
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