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2576 RIVERSIDE AVENUE, Somerset, Massachusetts

$699,9009 Beds6 BathsActive

2576 RIVERSIDE AVENUE, Somerset, Massachusetts 02726
- MLS® ID: 72196140

Property Details

2576 RIVERSIDE AVENUE, Somerset, Massachusetts 02726 - FIRST TIME ON THE MARKET IN OVER 60 YEARS!!!! WANT A FAMILY COMPOUND? VERY LARGE (TWO) 3 FAMILY APARTMENT HOMES ON A GENEROUS 3/4 WATERFRONT SITE!!! LOOK AT THE AERIAL PICTURES FOR WHAT YOU CANNOT VIEW FROM THE STREET! THESE ARE TWO MASSIVE-SIZED MULTI'S ON ONE LOT, AND THE OWNER'S PRIDE SHOWS WITH THE CARE AND IMPROVEMENTS AND GROUNDS. SWEEPING LAWN TO THE SEA WALL. FANTASTIC WATERVIEWS. HAVE A BOAT? THIS IS THE CHANNEL SIDE RIVER-DEEP WATER ACCESS. CURRENT INCOME TERM RENTERS IS $4330/MO **BONUS** UNTAPPED INCOME POTENTIAL WITH NOT ONLY INCREASED MARKET RENT, BUT THERE IS FUTURE, UNTAPPED ADDITIONAL INCOME...AN UNRENTED 3RD FLOOR UNIT, NEEDS A 2ND EGRESS STAIRCASE-- RECOUP WITH 8 MONTHS RENT. A UNUSED GARAGE UNDER--GREAT FOR SMALL CAR RENTAL, BOAT STORAGE, PERSONAL WATERCRAFT, OR TENANT STORAGE. ANOTHER GROUND LEVEL STORAGE UNIT CAN BE RENTED, AND BSMT. STORAGE BE CONSTRUCTED. PROJECTED RENTAL $6200+/MO. OWNER PAYS $4000 FOR HOME OWNERS INS. FLOOD CERT IN HAND,$14,700 EST. YR.

Amenities

  • Zip02726
  • CountyBristol
  • SQFT5000
  • Bedrooms9
  • Full baths6
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-family
  • Zoning typeRES/MULTI
  • Year built1900
  • SewerCity/Town Sewer
  • Parking13
  • Tax amount$7,941.00
  • Tax year2017
  • MLS® ID72196140

Listing Courtesy of Carol Brannaka REALTORS®

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