35-41 Laurel Street
Update
11/21/23
Colliers Lists Union Square Multifamily
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.
More information about this opportunity can be found here or contact Kendin Carr, Vice President, 617-678-0246, kendin.carr@colliers.com.
