Description
Incredible development opportunity, this fully entitled lot includes building permits & construction docs to build a 13,600sqft building with 10 units consisting of 9 two bedroom apartments/condos & 1 commercial space. Roughly 10,437 sqft of total sellable/rentable area & 5 garage parking spots on a 3,507 sqft. corner lot, 275ft from Roxbury Crossing Orange Line T. Average sales price is around $1,050/sqft+ for similar condos. At a building price of $375/sqft. after acquisition, holding & construction costs theres ample profit to be made. Or hold & rent around a 7.4% cap rate. Sellers have obtained all necessary surveys, environmental reports, building & structural plans plus building permit, all fully approved. Within 1 mi. or less are Longwood Medical Area (largest employer outside of downtown Boston), Fenway, Northeastern, MCPHS, Wentworth, Southwest Corridor, plus restaurants, shops & more! Leave your mark on Mission Hill & generate a solid return. Offers due 7/28 @ 5pm.
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Incredible development opportunity, this fully entitled lot includes building permits & construction docs to build a 13,600sqft building with 10 units consisting of 9 two bedroom apartments/condos & 1 commercial space. Roughly 10,437 sqft of total sellable/rentable area & 5 garage parking spots on a 3,507 sqft. corner lot, 275ft from Roxbury Crossing Orange Line T. Average sales price is around $1,050/sqft+ for similar condos. At a building price of $375/sqft. after acquisition, holding & construction costs theres ample profit to be made. Or hold & rent around a 7.4% cap rate. Sellers have obtained all necessary surveys, environmental reports, building & structural plans plus building permit, all fully approved. Within 1 mi. or less are Longwood Medical Area (largest employer outside of downtown Boston), Fenway, Northeastern, MCPHS, Wentworth, Southwest Corridor, plus restaurants, shops & more! Leave your mark on Mission Hill & generate a solid return. Offers due 7/28 @ 5pm.
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 2023-09-26T00:03:43.713.