422 Mcgrath Hwy
- 4-Unit Multifamily Property | 2016 Gut Renovation
- (2) Three Bed / Two Bath & (2) Four Bed / Two Bath Units
- Tenant Paid Utilities | Direct Access Entry | East Somerville Location
Property Description
Northeast Private Client Group is pleased to present 416-422 McGrath Highway, a 4-unit multifamily property located at the foot of Prospect Hill in Somerville Massachusetts. The property consists of four spacious residential units, including (2) three bedroom, two-bathroom units and (2) four bedroom, two-bathroom units. Each apartment features direct-entry access, providing tenants with the privacy and feel of townhouse-style living. Additional amenities include in-unit laundry, central air conditioning, separately metered utilities with tenants responsible for their own gas and electric expenses, and outdoor space located at the rear of the property. Originally gut renovated in 2016, the asset offers modern layouts and finishes while requiring minimal near-term capital expenditures. Current ownership has maintained the property well, creating an attractive investment opportunity with the potential to further increase cash flow through strategic rent growth as leases turn over and rents are adjusted toward market levels. 422 McGrath Highway presents the opportunity to acquire a well-maintained four-unit multifamily asset in one of Greater Boston’s most dynamic and supply-constrained rental markets. Ideally situated in Somerville, the property offers convenient access to Cambridge, Boston, Assembly Row, Union Square, Kendall Square, and numerous public transportation options, placing residents within minutes of many of the region’s largest employment, educational, and entertainment hubs. All interested and qualified parties will have the opportunity to obtain additional information and walk the premise upon request.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $2,000,000 |
| No. of Units: | 4 |
| Year Built: | 1920 |
| Lot Size: | 0.13 Acres |
| Opportunity Zone: | No |
| Price per unit: | $500,000 |
| Property Website | Click Here |
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