10 Corinthian Road Somerville MA 02144 MLS #73271958

There are multiple listings for this address:
10 Corinthian Road
Somerville, MA, 02144
$3,950,000
Beds
0 Baths
0 SqFt
0.21 Acres
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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 Details

Price:
$3,950,000
MLS #:
73271958
Status:
Active
Beds:
0
Baths:
0
Address:
10 Corinthian Road
Type:
Land
Subtype:
Residential
City:
Somerville
Listed Date:
Jul 31, 2024
State:
MA
Total Sq Ft:
14,845
ZIP:
02144
Lot Size:
9,315 sqft / 0.21 acres (approx)
Year Built:
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Financial

Tax Year
2024
Taxes
$17,803

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10 Corinthian Road
Somerville, MA
10 Corinthian Road
Somerville, MA, 02144
$3,950,000
26 Beds
23 Baths
14,845 SqFt
0.21 Acres
Add
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 Details

Price:
$3,950,000
MLS #:
73271961
Status:
Active
Beds:
26
Baths:
23
Address:
10 Corinthian Road
Type:
Multi Family
Subtype:
Residential
City:
Somerville
Listed Date:
Jul 31, 2024
State:
MA
Finished Sq Ft:
14,845
Total Sq Ft:
14,845
ZIP:
02144
Lot Size:
9,315 sqft / 0.21 acres (approx)
Year Built:
Units:
12
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Exterior

Parking Spots
8

Financial

Tax Year
2024
Taxes
$17,803

Map

Community

Similar Listings Nearby

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