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Cash Cow Opportunity! Rare 12+ unit, 3-family in Somerville with stable rental income history and even greater potential. Primarily located at Winter Hill neighborhood and a WalkScore 88, it is just minutes to the new Green Line station, many bus-stops, schools, Somerville Bike Path and many shopping areas. Great outdoor space with both front and back decks. Separated utilities with two 10-year gas heating system with 86% efficiency and one oil system and three newer water heaters. 10-year rubber roof and 11 years commercial aluminum windows. 7-feet height front walk out basement is higher than the street and has a potential to be an office space. Plenty storage spaces in the basement and laundry is readily installed. Flexible to various owner/rental settings and easy to rent out due to attractive location. City permits to add two 3/4 bathes in each unit. Many new potentials (include 1031 Exchange) for the future investors to extend its long history of stable rental income.

Property Details of 427 Medford Street

Property Details

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Listed by Weidong Li of WINN Real Estate & Consulting

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