1006 Broadway, Somerville, MA 02144

$3,190,000
List Price
$3,190,000
Status
ACTIVE
MLS#
73156094
Lot Size (Acres)
0.21

Property Description

Attention developers, builders and landlords, amazing By-Right 6 units condo or apartment development opportunity in primary Somerville location 2 blocks from Tufts University, 0.4 miles from Davis Square. The current lot of 9,284 SQFT has been approved to be split to 3 lots. 4 condos and two side by side duplexes. 6 surface parking spaces. Designed by renowned architect Peter Quinn, total buildout allows for about 14,000 SQFT, total sellout projected to up to $10M. No Affordable units required. If you desire to keep the current building, you will have total 12 bedrooms, 5 full baths in a multi-family with about 4,500 SQFT, two car garage, two driveways, 4 more parking, and high ceiling in unfinished basement. A cash cow for rental in the hottest area of Somerville. Condo conversion permit in hand, lot split approved, HPC green lighted the demolition of the current building, building permit well underway. All architectural and structural plans and docs will be transferred to the buyer.

Additional Information

Taxes
$15,334
Lot Description
Elevated, Corner Lot
View
City
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Derek Greene from Listing Office: The Greene Realty Group.

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