The property at 38-40 Fairmount Avenue, Somerville, is a multifamily asset that was sold for $1,435,000. This 14-room, 2-family home encompasses over 3,440 square feet of living space, which includes a finished basement with an additional half bath. The property presents a notable rental income opportunity, as one unit is currently leased for $3,700 per month.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,435,000
• Square Footage: 3,440
• Price Per Square Foot: $417
• Buyer’s Representative: Amy Weitzman - Commonwealth Standard Realty Advisors
• Seller’s Representative: Stephen Bremis - Steve Bremis Realty Group
• Market: Somerville, MA

Amy Weitzman represented the buyer in this transaction, while Stephen Bremis served as the seller's representative. The deal involved two experienced real estate professionals, facilitating the transfer of ownership for this multifamily home, which holds significant potential for rental income.