35-41 Laurel Street
Somerville, MAAbout the Property
12-Unit Multifamily Investment Opportunity
Colliers Boston Multifamily presents for sale 35-41 Laurel St, a 12-unit multifamily investment asset in the burgeoning Union Square neighborhood of Somerville, MA. The property is located in the epicenter of Somerville’s US2 15 million square foot, $2 billion real estate development project, which is poised to transform the city into a major hub for life sciences, technology, and innovation.
The property features a mix of 1+-bedroom/1-bathroom units and 2-bedroom/1-bathroom units, all of which are in good condition. The property has recently undergone a number of capital improvements, including new roofing, new windows, and new HVAC systems. The property also has 12 parking spots, which is a valuable commodity in the densely populated Union Square neighborhood.
The property is currently leased to long-term tenants, which provides a steady stream of income for the new owner. The property has a strong track record of occupancy, and the new owner can expect to continue to generate attractive rental income.
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Property Information
35-41 Laurel St, Somerville, MA 02143
Use: Apartments
Year Built: 1880
Gross SF: 16,418
Rentable SF: 11,561
Levels: 3
Zoning: UR
Units: 12
Gallery
Current Exclusive Real Estate Investment Opportunities
Boston Multifamily Provides Professional Multi-Family Apartment Marketing and Brokering Services
We specialize in representing buyers and sellers of multi-family and mixed-use properties and buildable land throughout the Metro Boston area, providing effective strategies to maximize asset values for both private capital and institutional investors.
Boston Multifamily
Boston Multifamily is the premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.