Brought to you by: David Dalton - REMAX Leading Edge
53 Hereford Street
Boston, MA 02115

Phone: (617) 872-3538
Website: www.homesbydalton.com
Email: daviddalton@leadingedgeagents.com
 

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103 Washington
Somerville, MA. 02143

Middlesex County
Directions: Corner Of Washington And Franklin

MLS # 72337112 - Sold
Multi-Family 5-9 Family    

List Price $2,000,000 Days on Market  
List Date   # Units 7
Sale Price $1,850,000 # Floors  
Sold Date 8/30/18 Rooms 12
Assessed Value $446,800 Bedrooms 12
Gross Living Area 8,381SF Full Baths 6
Lot Size 5,544SF Half Baths 4
Taxes $8,136.23 Fireplaces  
Tax Year 2018 Basement Yes
Zoning RC Waterfront No
Est. Street Front   Beach Nearby No
Year Built 9999 Parking Spaces 6
    Garage Spaces 6
Remarks:
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.
Features
Amenities   Public
   Transportation,
   Shopping, Tennis Court,
   Park, Walk/Jog Trails,
   Medical Facility,
   Laundromat, Highway
   Access, House of
   Worship, Public School,
   T-Station
Exterior Feat.   Balcony
Foundation   Poured
   Concrete
Lead Paint   Unknown
Lot   Corner, Paved Drive
Parking   Off-Street
Road   Public
Sewer / Water   City/Town
   Sewer, City/Town Water
Units
Unit 1 Bedrooms: 2; Floor: 1; Full Baths: 1; Lease: No; Levels: 1; Rent: 9999; Rooms: 4
Unit 2 Bedrooms: 2; Floor: 1; Full Baths: 1; Half Baths: 1; Lease: No; Levels: 1; Rent: 9999; Rooms: 4
Unit 3 Bedrooms: 2; Floor: 1; Full Baths: 1; Half Baths: 1; Lease: No; Levels: 1; Rent: 9999; Rooms: 4
Financial Info
Gross Oper. Income   $359,964 Net Oper. Income   $359,964
Additional Information
APOD Available?   No
Anticipated Sale Date  
   08/28/2018
Deed   Book: 68910, Page:
   267
Disclosures   project
   requires payment into
   city's affordable housing
   fund.
Foreclosure   No
GLA Source   Owner
Off Market Date   6/28/18
Seller Disclosure Doc  
   Yes
Short Sale   No
Year Built Desc.   To Be
   Built
Year Built Source  
   Builder

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Property Last Updated by Listing Office: 9/12/18 8:26am

Courtesy: MLSPIN

Listing Office: Leading Edge Real Estate Listing Agent: Ramsay Fretz


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