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Listed by Richard Dumont of Century 21 Dumont and Assoc.
Four unit multi-family and separate 320SF building which has been occupied as a Barber Shop for decades in an excellent southeast location. Located on a corner lot with 4-5 car parking driveway and street parking always available. Features two 1-bedroom units on the 1st floor and 3 Bedroom units on the 2nd and 3rd floor. Tenants pay all utilities. Residential units are applianced with W/D hook-ups. All long term tenants. Property has been well maintained. Roof is 3 years old and Hot Water heaters are under 10 yrs. old. Natural Gas stoves in each unit. Great opportunity for an owner-occupied buyer or investor. Current NOI calculates to a 9.4% cap rate. Exterior is vinyl sided with all thermopane windows. Assisted showings by appointment only and will begin on Tuesday, October 12, 2021.

Property Details of 856 Somerville Street

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