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Rubina Shrestha Rana Acquires Multifamily Property In Somerville For $1,150,000

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SOLD
$1,150,000

Massachusetts

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MultiFamily3,130 SF
Sold 06/21/2024
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Property Image
SOLD

Rubina Shrestha Rana Acquires Multifamily Property In Somerville For $1,150,000

18 Morton Street so

See Similar Deals
MultiFamily3,130 SF
Sold 06/21/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$367
Total Square Footage:3,130 SF
Transaction Type:Sale

18 Morton St, Somerville, MA 02145, sold for $1,150,000. This two-family home provides a prime opportunity for investors and owner-occupants. Situated near Union Square and Assembly Row, the property boasts potential for expansion and enhancement, featuring spacious units and the possibility of additional development under NR zoning.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 2
  • Price Per Unit: $575,000
  • Square Footage: 3,130
  • Price Per Square Foot: $367
  • Address: 18 Morton Street, Somerville, MA
  • Market: Somerville, MA
  • Buyer's Rep: Rubina Shrestha Rana - Reva Capital Realty
  • Seller's Rep: Lisa Sheehan - Senné

The transaction involved Rubina Shrestha Rana from Reva Capital Realty representing the buyer, and Lisa Sheehan from Senné representing the seller. The deal signifies a significant real estate investment in Somerville's competitive market, showcasing the expertise and negotiation skills of the buyer's and seller's representatives.

Players

2 deals$2.4M volume
BROKER

Lisa Sheehan
2 deals$2.7M volume
BROKER

Details

SOLD
IMAGE: Lisa Sheehan DATE: 06/21/2024 ADDRESS: 18 Morton Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Rubina Shrestha Rana - Reva Capital Realty SELLER'S REP: Lisa Sheehan (@BostonataGlance) - Senné (@Senne_Co) SALE PRICE: $1,150,000 UNITS: 2 ~ PPU: $575,000 SF: 3,130 ~ PPSF: $367 NOTE: 18 Morton St, Somerville, MA 02145, sold for $1,150,000. This two-family home offers a prime opportunity for investors and owner-occupants alike, featuring potential for expansion and enhancement in a desirable location near Union Square and Assembly Row. With its spacious units and potential for additional development under NR zoning, this property represents an attractive investment in Somerville's competitive real estate market. é

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