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    7 Washington St

    Somerville, MA 02143
    • $1,775,000
    • STATUS: Active
    • MLS #: 72868991
    UPDATED: 45 min ago
    $1,775,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Ramsay And Company of Leading Edge Real Estate.

    Description

    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. 6 unit as of right with 4 units added through net zero build.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-08-02T14:08:38.86.
    www.westcottproperties.com/homes/119527235
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    7 Washington St Somerville, MA 02143

    • Price: $1,775,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 72868991
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    Neighborhood:
    Other
    County:
    Middlesex
    Area:
    Other
    Property Description
    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. 6 unit as of right with 4 units added through net zero build.
    Exterior Features

    Beachfront No Land Description Level Road Type Public Waterfront Flag No

    Property Features

    Assessments 700300.00 Disclosure No Disclosures Buyer To Do All Due Diligence Regarding As Of Right Approval. Reach Out To Ramsay Fretz For Remaining Steps For Permitting. Electric Features On-Site Gas On-Site Land Type Residential Lender Owned No Sewer Public Short Sale Lender App Required No Tax Year 2021 Taxes 7136.00 Water Public Zone Usage Multi-Family Zoning Rc

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Ramsay And Company of Leading Edge Real Estate.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-08-02T14:08:38.86.
     
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    Westcott Properties
    178 Broadway
    Providence RI, 02903
    Listing courtesy of Ramsay And Company of Leading Edge Real Estate.