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7 Washington Street
Somerville, MA. 02143
MLS # 72800291
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Active
Multi-Family 5-9 Family
| List Price |
$1,950,000 |
Days on Market |
|
| List Date |
|
# Units |
10 |
| Sale Price |
|
# Floors |
|
| Sold Date |
|
Rooms |
9 |
| Assessed Value |
$673,800 |
Bedrooms |
17 |
| Gross Living Area |
10,501SF |
Full Baths |
12 |
| Lot Size |
3,262SF |
Half Baths |
0 |
| Taxes |
$6,798.64 |
Fireplaces |
|
| Tax Year |
2021 |
Basement |
Yes |
| Zoning |
MR4 |
Waterfront |
No |
| Est. Street Front |
|
Beach Nearby |
No |
| Year Built |
2021 |
Parking Spaces |
0 |
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Garage Spaces |
0 |
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Remarks:
Rare opportunity to develop a AS OF RIGHT 10 unit residential building blocks away from the Green Line extension. Architects full submittal package ready to be filed with city. Comprised of four high efficiency one bedrooms, five two bedrooms and a parlor duplex three bedroom. Well laid out, open concept units designed for the way we want to live. Viable for condo sales with an expected sellout of 6.3+M, or hold as a rental building with strong potential NOI and CAP rate while the area continues to develop around the green line extension. The extension has a Washington St Stop, which is less than .4 miles away. Only a mile away from bustling Assembly Row. Located in an opportunity zone, allowing for the potential for deferral or reduction of future capital gains. 6 unit as of right with 4 units added through net zero build. See brochure for additional details.
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| Features |
Foundation Poured
Concrete
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Lead Paint Unknown
Lot Paved Drive
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Roof Rubber
Sewer / Water City/Town
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Sewer, City/Town Water
Warranty No
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| Units |
Unit 1
Bedrooms: 3; Floor: 1; Full Baths: 2; Lease: No; Levels: 2; Rooms: 6
Unit 2
Bedrooms: 2; Floor: 2; Full Baths: 1; Lease: No; Levels: 1; Rooms: 3
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| Additional Information |
APOD Available? No
Deed Book: 71671, Page:
215
Disclosures This project
will not be sold with
permits in place. it is
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an as of right 10 unit
with a current single
family on the lot that
rents for 3000 a month
which can be delivered
vacant or with tenant in
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place.
Foreclosure No
GLA Source Owner
Living Area Disclosures
unit total 7828 building
total 10501
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Seller Disclosure Doc No
Short Sale No
Year Built Desc. To Be
Built
Year Built Source Owner
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Property Last Updated by Listing Office: 4/8/21 10:46am
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Courtesy: MLSPIN
Contact agent for more information about this listing
Listing Office: Leading Edge Real Estate
Listing Agent: Ramsay and Company
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