176-182 Broadway Somerville, MA
$3,999,900
Beds 99
Baths 148.5
Acres 0.27
Description
DEVELOPABLE FIVE STORY MIXED USE DEVELOPMENT PROJECT. Possible buildout w/ TYPICAL CONSTRUCTION WILL ALLOW UP TO 28 UNITS and approx 31,970 gross sq ft of building and approx 1,125 average per unit size OR building as a NET ZERO BUILDING...YOU CAN PUT UP TO 37 MAXIMUM UNITS with approx 577 sq ft more or lessIncludes 2 parcels w/ over 11,000 sq ft of land, being sold as a package. ZONED MR5. Addtnl COMMERCIAL SPACE OF UP TO 5000 SQ FT is allowed. One parking space required per unit...there is enough for up to 23 spaces on site. Specital permit for relief regarding parking needed to achieve maximum number of units. SELLER WILL WAIT FOR BUYER TO RECEIVE PROJECT APPROVALS BEFORE CLOSING. Buyer responsible for all fees incl but not limited to architects fees, attorney fees etc necessary to obtain approvals. Affordable requirement for City of Somerville is 20%. GREAT LOCATION rated a WALKER'S PARADISE SCORE OF 95. Insanely convenient...UNDER A MILE TO GREEN AND ORANGE LINE SUBWAY STOPS!
Listed by Steve Bremis Realty Group, The Steve Bremis Team
Details
MLS 73287759
Status Active
Price $3,999,900
DOM 94 days
Type Multi-Family
Beds 99
Total Baths 99 full, 99 half baths
Lot Size 0.27 acres
Year Built 1967
Lot & Building Features
Construction Brick, Frame
Sewer Public Sewer
Tax Year 2022
Taxes Paid $11,579
Water Public
Foundation Stone
Full Baths 99
Half Baths 99
Parking Off Street, Paved Drive
Total Rooms 99
Garage Spaces 0
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.