29 LAKE STREET, Somerville, Massachusetts 02143

$1,085,000
6
BD
2
BA
2,299
SqFt
List Price
$1,085,000
MLS#
72779827
Bedrooms
6
Full Bathrooms
2
Sq. Ft
2,299
Lot Size
2,650
County
Middlesex
Year Built
1890
Status
ACTIVE

Property Description

Life is good in red hot Union Square! Here’s your chance to take advantage of an incredible opportunity to own an investment property in the heart Somerville’s favorite neighborhood. Centrally located w/in walking distance to Bow’s Market, future GLX, local restaurants, Market Basket, & MBTA lines taking you right into Boston & Cambridge. Close to Harvard University with quick access to Rt 93 & 95; you couldn’t ask for a better location! This 3 story 2-family offers a flexible floor plan with room to expand. Unit 1, currently occupied, features eat in kitchen, in-unit laundry, hardwood floors, 2 beds & full BA. Unit 2, currently vacant, spans 2 floors w/large kitchen, laundry, office, full BA, 3/4 beds with 9’ ceilings & hardwood floors. Carpeted top level offers 4 rooms, with space to add additional BA or bedroom. Shared basement provides plenty of storage, while fenced in yard offers room to entertain & grill. Strong rental history, in a fantastic spot, makes this house a winner!

Additional Information

Days on Market
33
Taxes
$8,446
Tax Year
2020
Assessment
837100
Construction
Frame
Amenities
Public Transportation, Shopping, Park, Laundromat, Highway Access, House of Worship, Public School, T-Station
Flooring
Tile, Wall to Wall Carpet, Laminate, Hardwood
Basement
Yes
Basement Features
Full, Unfinished Basement
Lot Description
Fenced/Enclosed, Level
Acres
0.06
Price Per Sqft
$471
Utilityconnections
for Gas Range, for Gas Dryer
Disclosures
Unit 1 (currently occupied TAW) is paying less than market value for rent. Unit 2 has 3/4 bedrooms. Roof: 20 years old. Unit 1 HVAC: approx 25 years old. Unit 2 HVAC: 7 years old. Unit 2 is vacant, but last tenant paid $3,100 just a few months ago. Shared basement for storage.

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Listing courtesy of Susan Gormady Group from Classified Realty Group

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