10 Corinthian Road Somerville, MA 02144
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.
- Property TypeLand
- NeighborhoodN/A
- CountyMiddlesex
- Taxes$17,803
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusActive
- MLS ID Number73271958
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.21 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Sewer Public Sewer
- Acreage 0.21
- Water Public
- Property Sub Type Residential Land
- Zoning NR
- Compensation Based On Gross/Full Sale Price
- Electricity At Street
Exterior Features
- Waterfront Property No
- Lot LevelCorner Lot
- Lot Features LevelCorner Lot
Community Features
- Senior Community No
- Adult Care Community No