Somerville, MA 02144,10 Corinthian Road
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$3,950,000
Est. payment /mo
9,147 Sqft Lot
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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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At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts, 02176, United States

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10 Corinthian Road