61 Myrtle St, Somerville, MA 02145 - MLS 72378559 | Berkshire Hathaway HomeServices New England Properties
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Listing Alerts
  • 61 Myrtle St, Somerville, MA 02145
  • $999,900
  • 6 BedroomBedrooms
  • 2.5 BathroomBathrooms
  • 2 Full BathroomFull Bathrooms
  • 1 Half BathroomHalf Bathrooms
  • 2,403 Sqft
  • Sold On

61 Myrtle St, Somerville, MA 02145

  • Open House
  • New Listing
  • 6 BedroomBedrooms
  • 2.5 BathroomBathrooms
  • 2,403 Sqft
  • Multi Family
  • Contingent
  • MLS# 72378559
  • Sold On
0 More Schedule
  • Price Reduced

Property Information

  • MLS72378559
  • Zip Code02145
  • TypeMulti Family
  • Bedrooms6
  • Bathrooms2.5
  • Full Bathrooms2
  • Half Bathrooms1
  • Total Rooms10
  • Sq. Ft.2, 403
  • Fireplaces0
  • BasementBulkhead, Concrete Floor, Full, Interior Access, Partially Finished
  • Exterior FeaturesPorch, Patio, Storage Shed
  • Parking Off-Street, Paved Driveway
  • Parking0
  • Garage Space0
  • SewerCity/Town Sewer
  • Year Built1900
  • Acreage.11
  • Middle SchoolEast Somerville
  • High SchoolSomerville
  • Estimated Taxes$6, 485

Development or Owner Occupied Opportunity! Take this 2 Unit with a large lot and add a 3rd unit after passing special permit process*. In 2017 and 2018 condos on Myrtle Street have sold for $700k, $745k, and $782k. After adding 3rd unit you could potentially sell each condo for $650K each (or more). At $650K each you would have a total retail value of $1,950,000. This leaves plenty of room for construction and profit. Seller is looking for an offer that is not contingent upon approval for 3rd unit. (We are told by the planning department that it is very likely to pass but it will take approx. 2-3 months to complete). *Even though it is likely, seller and broker do not guarantee any change of unit number or values stated above. Buyer to buy as is and do their own due diligence.* 1st floor has tenants that are month to month. Showings only at Open Houses Sat and Sun 12-2pm. Offers due by Tuesday at 3pm. Seller will respond to any and all offers Wednesday by 3pm.

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Listing courtesy of: The Quail Group, Keller Williams Realty © 2019 MLS Property Information Network, Inc. All Rights Reserved.