aisellshomes.space

$2,475,000

Active

237 Highland Ave.

Somerville, MA, 02143

Commercial · MLS #73536582

Days on market

19 days

Lot size

0.08 ac

0.08 acres

Lot

About this home

Offered for sale, 237 Highland Avenue presents a rare mixed-use investment opportunity in Somerville's desirable Spring Hill neighborhood, conveniently located close to Davis Square and Porter Square. The property comprises 8,176 square feet (gross area) and includes two street-level commercial storefronts (currently occupied by a nail salon and tailor) along with four residential units consisting of two one-bedroom apartments, one studio apartment, and one four-bedroom apartment. All residential units are leased through August 2027, providing stable income. The property benefits from a strong rent roll and a highly accessible location with convenient access to Route 93, Boston, Cambridge, and public transportation. A compelling opportunity for investors seeking a well-located, income-producing asset in one of Somerville's most sought-after neighborhoods. Group showings and OH Only. Thurs June 18: 12-1pm, Fri June 19: 12-1pm, OH Sat June 20: 12-1:30pm, Sun June 21: 12-1:30pm.

Location

237 Highland Ave., Somerville, MA, 02143

Property details

Parking
Common

Listed by Shane Marrion · Benoit Real Estate Group ,LLC

Schedule a showing

237 Highland Ave.

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$16,021 / month

Down payment20% · $495,000
Interest rate6.50%

Loan term

Principal & interest
$12,515
Property tax
$2,475
Home insurance
$1,031

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).

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