Annemarie Torcivia - REALTOR®, CBR®, ACP®, PCA®, CREA®
RE/MAX Trinity
  • Cell: 781-983-5266
  • Phone: 781-322-2622
  • Fax: 781-322-9002

Listing Alert/Pending
40 Otis St  Map It | Directions
East Somerville  Somerville, MA 02145
40 Otis St Somerville, MA 02145
$759,900
List Price
2
Units
2,359
Approx. GLA
3,650
Lot Size
Fantastic investment! Attention Owner Occupants or Investors! Great location in East Somerville! Short distance to so much... Assembly Row, Sullivan Sq T, Rt 93, McGrath Hwy, Trum Field and more. This DELEADED 2 family features good sized bedrooms and hardwood floors on the 1st and 2nd floors. All separate utilities. 4-5 car parking plus 2 car garage. The house is solid and needs some updating but well worth it. Some vinyl windows and some older. 1st floor furnace newer installed in 2016 and H2O tank 2017. 2nd furnace older but in working order with H2O tank installed in 2012. 1st floor unit lease ends 4/2020 and 2nd floor unit is vacant. Basement is equipped with add'l 1/2 bath and kitchenette (without stove, as is code) and storage area. With your updates and fixing up, this property will be a money maker. Amazing opportunity to own a 2 family in East Somerville which is booming! Upcoming showings at Open house only Sat (10-26) 11-12pm.

Virtual Tour Information
Highlights
Area/Village:East SomervilleBasement:YesGarage Spaces:2
List Price:$759,900Rooms:11Parking Spaces:4
Type:Multi-FamilyBeds:6Year Built:~1890
Multi-Family Type:2 Family - 2 Units Up/DownBaths:2Year Round:Yes
Status:Under AgreementHalf Baths:1Approx. GLA:2,359
Acres:0.08Units:2MLS#:72573243
Lot Size:3,650Total Floors:3
Interior
Basement:YesBasement Features:Full, Partially Finished, Walk Out, Interior Access, Sump Pump, Concrete Floor
Electric Features:Circuit Breakers, 100 Amps, Individually MeteredHeating Units:2
Heating Zones:2Flooring:Tile, Hardwood
Energy:Varies per UnitFireplaces:0
Hot Water:Natural Gas, TankRooms:11
Lead Paint:Certified TreatedTotal Floors:3
UFFI:Unknown
Exterior
Acres:0.08Lot Size:3,650
Lot Description:Paved DriveFoundation:Fieldstone, Brick
Garage Spaces:2Parking Spaces:4
Parking Features:Off-Street, Tandem, Paved DrivewayRoad Type:Public
Color:BeigeConstruction:Frame
Roof Material:Asphalt/Fiberglass ShinglesUtility:for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
Exterior:VinylExterior Features:Garden Area, Porch, Patio, Gutters, Fenced Yard
:AWater:City/Town Water
Expenses
Gross Income:$43,704 Income Rent:$3,642Electricity:Refuse:
Gross Expenses:     Ann. Prop. Oper.:NoGas:R&M:
Net Income:$43,704 Expenses Source:Owner ProvidedHeat:Sewer:
Misc.:Insurance:Management:Water:
Unit Details
Unit:Rooms:Beds:Full Baths:Half Baths:Fireplaces:Levels:Floors:Rent:Lease:
Unit 1:5210011$1,392Yes
Unit 2:6410022$0No
Unit Features
Unit 1: Room Description: Living Room, Dining Room, KitchenInterior Details: Cable TV Available
Heat: Hot Water Baseboard, Gas, IndividualCool: 
Appliances: Range, RefrigeratorRent Includes: 

Unit 2: Room Description: Living Room, KitchenInterior Details: Cable TV Available
Heat: Hot Water Baseboard, GasCool: Wall AC
Appliances: Range, DisposalRent Includes: 
Taxes
APOD Available:NoAssessed Price:$635,100
Taxes:$6,833.68Tax Year:2019
Book/Page:55286/428Warranty Available:Unknown
Terms:Contract for Deed
Additional Info
Amenities:Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
Exclusions:Tenant's belongings, 2nd FL portable D/W, basement washer/dryer
Disclosure:Both units have letters of compliance for lead paint/2nd unit vacant/Garage needs new doors and new roof/Chimney needs some repointing/Some light moisture on foundation walls in the past and in high humidity/1/2 bath in basement/See Seller Disclosure statement
 
If you would like more information on this property or would like to Schedule a Showing with
Annemarie Torcivia call: 781-983-5266 or email: [email protected].
 
 
The listing office is RE/MAX Trinity and the listing agent is Joseph Duggan. 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. Annemarie Torcivia will be pleased to show you this or any other property.

 

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