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7 Washington
Somerville, MA. 02143


MLS # 72802679 - Active
Land Residential

List Price $1,950,000 Zoning MR4
List Date   Lot Size 3,262SF
Sale Price   Est. Street Front  
Sold Date   Waterfront No
Assessed Value $673,800 Beach Nearby No
Days on Market   Taxes $6,798.64
    Tax Year 2021
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.
Features
Electricity   On-Site
Gas   On-Site
Land Desc.   Level, Other
   (See Remarks)
Road   Public
Sewer   Public
Timber Acres   2021
Water   Public
Additional Information
Deed   Book: 71671, Page: 215 Seller Disclosure Doc   No Zone Usage   Multi-Family

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Property Last Updated by Listing Office: 3/27/21 3:05am

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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