21 Cutter Avenue, Somerville

Fantastic Davis Square Opportunity

Fantastic opportunity to invest in Davis Square. This three-family home offers a great location, key updates, and strong rental history. Each unit consists of 4 rooms, an updated full bathroom, renovated eat-in-kitchens and refinished wood floors throughout. Unit 1 and 2 have in-unit laundry. Units 2 and 3 have new kitchen cabinets and granite countertops. All units have newer upgraded appliances.The current owners have redone the electrical, adding a common area panel, had the yard professionally landscaped, added a retaining wall and sprinkler system. There’s even coin-op laundry in the basement used exclusively by the 3rd floor. Renting at $2800+ (unit1), $2950+ (unit2) and $2600+ (unit 3) per month, and all with leases through 8/31/20, there’s $8350/month in income with low monthly expenses. Walkscore of 95, Bikescore of 96, the Davis Sq Redline T station around the corner plus all the restaurants and shops Davis Square has to offer. List Price: $1,585,000. Sold Price: $1,590,000

Property Details

Recent Updates

1st floor: kitchen appliances, in-unit laundry 2016.
2nd floor: kitchen cabinets, appliances, addition of in-unit laundry 2018
3rd floor: kitchen cabinets, kitchen appliances 2015.
Interior hall/entry painted 2019.
Exterior painted in 2012.
Landscaping/irrigation/retaining wall 2015.
Baths renovated in 2003.