9 Unit Multi-Family Investment Opportunity
Boston Realty Advisors is pleased to present the exceptional opportunity to acquire 17-19 & 19R Aldersey Street, a 9-unit multifamily offering located in Somerville, Massachusetts. 17-19 & 19R Aldersey Street features 9 apartment units amongst two separate buildings with an additional garage that can be potentially redeveloped into additional living space or additional parking. The offering currently offers ample off-street parking for residents with at least one space per unit. This irreplaceable asset is located steps from the heart of Union Square, which will be home to a new MBTA Green Line station as part of the Green Line Extension project which is anticipated to be operational by the end of 2021. 17-19 & 19R Aldersey Street presents investors with high quality real estate in a transformative market with value add potential.
Somerville, Massachusetts is considered to be one of the most active and transitional submarkets of Boston, MA. With the recent completion of phase 1 of Assembly Row, a 400,000+ square foot, 27-acre mixed-use development, the complete re-zoning of the city expected in 2019, and the approved 2.4 Million square foot Union Square development, Somerville is quickly becoming an epicenter of positive change. Additionally, the MBTA Green Line Extension project set to be complete in 2021 will provide residents and commuters rapid transit from major hubs such as North Station. Somerville, MA is certainly undergoing a massive transformation which has attracted new residents, forward thinking retail concepts, as well as new company headquarters such as Partners Healthcare and Puma.
17-19 Aldersey Street is offered for sale on an un-priced basis. We will be conducting tours of the property with a “call-for-offers” to follow. For more information, please visit www.1719Aldersey.com.