Residential Income Multi Family property with 6 bedroom(s), 2 bathroom(s) in Somerville MA.
Side-by-side two-family on a quiet side street, 1 block from Union Square. A strong opportunity for investment and potential future development. Each unit has its own entrance, offers 3 beds and 1 bath; the left side has a curb cut and can accommodate 2 vehicles. Kitchens and bathrooms were renovated within the last 5 years, and systems are separate except for water and sewer. Cap rate is above 5%. Public records show 1,434 sq ft, while the floor plan measurement indicates more than 1,600 sq ft. With a nearly 4,000 sq ft lot, there are value-add potential through basement finishing and adding dormers if possible. Convenient access to McGrath Highway and I-93; 1.9 miles to Assembly Square; about 1.2 miles to Harvard and MIT. Supermarkets and tons of restaurants are in walking distance.
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