Somerville, MA 02143,103 Washington
Somerville, MA 02143,103 Washington
Somerville, MA 02143,103 Washington
$1,850,000
Est. payment /mo
$2,000,000
7.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

12 Beds
8 Baths
8,381 SqFt
SOLD DATE : 08/30/2018

Key Details

Sold Price $1,850,000

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,381 sqft

Price per Sqft $220

MLS Listing ID 72337112

Sold Date 08/30/18

Bedrooms 12

Full Baths 6

Half Baths 4

Annual Tax Amount $8,136

Tax Year 2018

Lot Size 5,662 Sqft

Acres 0.13

Property Description

Rare opportunity to develop a FULLY APPROVED 7 unit mixed use building a block away from the proposed Green Line extension. Comprised of Six two-bedroom 1/1.5 bath units, ranging from 993-1058 SqFt each, and one commercial space. Private decks, elevator building and direct access to 7 garage parking spaces will check all the boxes for future buyers. Highlights and current status of the development; Clean 21E (certificate of compliance filed), all utilities cut/capped with site ready for demo, and construction / civil drawings in hand which were completed by a high end and well-respected local architect. Ready to file for building permit and begin construction. Viable for both a quick build / condo with an expected sellout of 5.3+M, or hold as a rental building with strong potential CAP rate while the area continues to develop around the green line extension. The extension has a planned Washington St Stop, which is only a block away at the corner of Washington and Tufts.

Location

State MA

County Middlesex

Zoning RC

Direction Corner of Washington and Franklin

Exterior

Exterior Feature Balcony

Garage Spaces 6.0

Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station

Total Parking Spaces 6

Garage Yes

Building

Lot Description Corner Lot

Story 4

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Leading Edge Real Estate
Bought with David Dalton • Leading Edge Real Estate

Get More Information

agent

Ryan Askew

+1(508) 440-6100

Sales Associate | License ID: 9578345

Sales Associate License ID: 9578345

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.