BOSTON– Marcus & Millichap (NYSE: MMI) announced the sale of a six-unit multifamily property in Brighton, Massachusetts, for $4,595,000.
“This recently renovated multifamily property features modern finishes, including sleek kitchens with stainless steel appliances, luxurious bathrooms, hardwood floors, and in-unit laundry, offering the potential for higher rental income, increased cash flow, and reduced maintenance costs in a high-demand market,” said Tony Pepdjonovic, senior vice president investments. “Located just a five-minute walk from the MBTA Green Line, this multifamily property in Brighton, MA, is ideal for renters, offering a blend of suburban living and easy access to Boston’s vibrant amenities,” added Evan Griffith, senior vice president investments.
Griffith and Pepdjonovic exclusively marketed the property on behalf of the seller and procured the buyer, a private investor.
The multifamily property, located at 14 Mt. Hood Road, was built in 1910 and recently renovated in 2022. It includes a mix of one, two, three, and four-bedroom apartments with modern finishes, in-unit laundry, and off-street parking spaces. Just 4.8 miles from downtown Boston, the property provides easy access to public transit, with the Washington Street station only 0.2 miles away, and is near Boston University and Boston College.
