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$3,950,000
Est. payment /mo
9,147 Sqft Lot
UPDATED:
10/04/2024 07:05 AM
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73271958
HOA Y/N false
Annual Tax Amount $17,803
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Offered for sale is a rare to market 12-unit (2 6-unit structures) boutique condo project in close proximity to Davis Square delivered with zoning approvals. The site is located adjacent to world-renowned Tufts University and a short walk to the Davis Square Transit Station. The development boasts 15,691 GSF across 12 Market Rate units with 8-9 off-street surface parking spaces and dedicated outdoor space for each unit. The unit mix consists of (2) 1-Beds, (6) 2-Beds & (4) 3-Beds. Recent sales comps in the immediate vicinity project a sellout of $13,274,500 imputing a 34.97% Return on Cost and an Equity Multiple of 2.4.Project can also be delivered with a building permit for additional consideration.
Location
State MA
County Middlesex
Zoning NR
Direction gps
Exterior
Waterfront false
Building
Lot Description Level, Corner Lot
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Fortune RE
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Mikel DeFrancesco
Broker Associate | License ID: 9090789
Broker Associate License ID: 9090789