One Beacon, 6.31% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville鈥檚 Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina鈥檚 Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.
附近设施Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
披露:The rent for Trina's Starlight Lounge | Parlor Sports is based on their 07/01/2024 scheduled rent increase. Trina's Starlight Lounge | Parlor Sports Reimburses 43% of the Annual Real Estate Taxes and 30% of the Landlord's Annual Insurance Premiums.