Commercial Multifamily Investment Opportunity
Price
$6,990,000
Exclusive Off-Market Listing: 379 Somerville Ave, Somerville, MA 02143 -
A Commercial Mixed-Use Gem
Welcome to 379 Somerville Ave, a prime investment opportunity in the vibrant city of Somerville, MA. This brand-new 11-unit multifamily property is poised to become a cornerstone of the community, offering a mix of modern living and commercial possibilities. With completion slated for May, this vacant property presents a blank canvas for strategic tenant placement and optimization of rental income.
Property Photos & Appraisal: https://drive.google.com/drive/folders/1DNHwHMyyudEE69ewy1alaQKYMPZ_EqkG?usp=share_link
Key Highlights:
Location:Â Situated at 379 Somerville Ave, Somerville, MA 02143, in a commercial mixed-use zone, the property enjoys a strategic position that combines residential appeal with commercial viability.
Property Features:Â This newly constructed building features 11 versatile units, designed with modern aesthetics and premium finishes, catering to a high-demand tenant market.
Zoning Benefits:Â The commercial mixed-use zoning opens a plethora of opportunities, allowing for a combination of residential, retail, and office uses, maximizing income potential.
Investment Potential:Â Offered at $6.99 million with a hint of negotiability for compelling offers, the property comes with a detailed 5-year proforma, showcasing robust financial projections and promising returns.
Investment Opportunity: The detailed 5-year proforma available for 379 Somerville Ave underscores its investment appeal, providing a clear picture of its income potential, operational expenses, and net operating income projections. Prospective investors are invited to review these documents to fully appreciate the property's financial prospects.
Offer Submission: For those interested in seizing this off-market opportunity, we welcome your proposals. Please submit all offers and inquiries directly to Promise Land Realty, LLC, at investments@promiselandrealtyllc.com. We are looking for serious offers that recognize the value and potential of this exceptional property.
Don't miss out on this unique investment opportunity at 379 Somerville Ave, where commercial versatility meets modern living in one of Massachusetts' most sought-after neighborhoods.
Site Plans
Aerial View
Property Map
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PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.