Fantastic opportunity to purchase a six-family property in Somerville's highly sought-after Spring Hill neighborhood, near to Porter Square Red Line and just blocks from the Gilman Square Green Line and Bike Path, making it a commuter's dream. The property consists of six units—two studios and four two-bedroom apartments—and features an enormous backyard and a large basement with ample storage. The two studio units have been recently renovated, while Units 1–3 have been tastefully updated. Unit 4 is currently vacant, presenting an excellent opportunity for a new owner to renovate and increase rental income. With a well-balanced layout of three units on each side, this is a rare value-add investment opportunity in one of Somerville's most desirable locations. Please see broker for balance of photos and videos of each unit.
38 Berkeley Street, Somerville, MA, 02143
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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