Presenting The Mount Vernon Collection (54-60 and 80-82 Mount Vernon Street), a 23-unit, project-based Section 8, apartment portfolio located in Somerville, Massachusetts. The portfolio is comprised of two (2) beautiful brick buildings, 54-60 and 80-82 Mount Vernon Street. 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. Additionally, the property offers residents unparalleled transit options, including the MBTA – Orange Line at Sullivan Square (0.5mi +/-) and immediate access to multiple bus routes and I-93, located just steps from the asset.
This home has been viewed 30 times
Last Updated: March 15th, 2025 at 5:13am
Gross Income: $239,976
Gross Expenses: $9
Net Income Calc: $239,967
CAP Rate: 2.53%
Annual Expenses for 54-82 Mount Vernon Street, Somerville MA 02145
Total Gross Expenses (Calculated)$9/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$9
Annual Income & Unit Breakdown for 54-82 Mount Vernon Street, Somerville MA 02145
Total Gross Income (Calculated)$239,976
Unit 1
Rental Income9999
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income9999
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 54-82 Mount Vernon Street, Somerville MA 02145
Listing ID73343255
Property TypeMulti Family
Price$9,500,000 ($663.04/SqFt)
Style
CitySomerville
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total14,328 SqFt
Approximate Lot Size (Acres)0.3 acres
Total Parking0
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsBrick
Lot FeaturesOther
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
Zoning99
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 54-82 Mount Vernon Street, Somerville MA 02145
Disclosures for 54-82 Mount Vernon Street, Somerville MA 02145
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation1%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 54-82 Mount Vernon Street, Somerville MA 02145
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 54-82 Mount Vernon Street, Somerville MA 02145