Active
10 Corinthian Road
Somerville MA, 02144
$3,950,000
$424.05 per sqft
Active
0.21 Acres
Land
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.
73271958
MLSⓇ ID
July 31, 2024
Listed
September 13, 2024
Updated
Map
10 Corinthian Road
Somerville MA, 02144
Exterior/Building Features
Lot Size
0.21 Acres
Lot Features
Level, Corner Lot
Sewer
Public Sewer
Other Property Details
Taxes
$17,803
Tax Frequency
Annually
Days on Market
4
Garage
No
View
No
County
Middlesex
Water Source
Public
Pool
No
Zoning
NR
Courtesy of Ryan Taylor, Fortune RE
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Data last updated 6:20 AM UTC, 9/13/2024
