$16,000,000

House for sale Somerville
Property photo number 1 of 13 Photos for Property. File  104852179_29_649402e2192aad03d70373ec9597c032.jpeg

Overview

SUMMARY: Discover an opportunity with this Somerville house for sale and available for $16,000,000. This could be your next ideal home or a smart investment. More details await.
Rare Portfolio Offering: 36 College Avenue in Somerville is part of a three-building portfolio for sale, which also includes 202-218 Mass Ave. in Arlington and 49-55 Davis Square in Somerville. 36 College Avenue, known as the Bryant Chambers building, is a 44-unit, five-story
brick apartment building in the heart of Davis Square. Located at the corner of College Avenue and Park Avenue, the property is steps from the MBTA Red Line and within walking distance of Tufts University. Built in the 1920s, the building features classic brick architecture with windows on all four sides, providing abundant natural light. The unit mix includes (3) studios, (34) one-bedroom apartments, (6) two-bedroom apartments, and (1) commercial space. Amenities include an elevator, on-site laundry, keyless FOB entry, and storage. The property offers stable in-place cash flow, a strong occupancy history, and long-term value-add potential through strategic management. PLEASE SEE FIRM REMARKS FOR ADDITIONAL INFO
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Details

  • Beds: 49
  • Baths: 43
  • Price: $16,000,000
  • Area: 34,417 sqft

Location

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