60-62 Line St Somerville, MA

$2,750,000
Beds 6
Baths 3
Square Feet 3,027
Acres 0.21
Photo of 60-62 Line St Somerville MA 02143




Description

3 Family with significant development potential near Harvard. 60-62 Line Street is just blocks to Harvard Square, CHA Cambridge Hospital, Union Square, and Inman Square. With a large 9,000+ sq ft lot, there is potential to develop 6+ units with 6 parking spots on the property. Feasibility study is available upon request. The lot currently contains a 3-family property with 6 beds and 3 baths and has over 3,000 sq ft of living area. The first floor unit has a tenant at will. The second and third floor units are vacant. Extremely unique opportunity for both developers or primary buyers looking to build their dream home with or without rental income. Located on a quiet one-way street but just minutes to cafes, shops, restaurants and public transportation. Opportunities like this do not come along often. Buyers to do their own due diligence regarding any development opportunities.


Listed by RE/MAX Destiny, Sage Jankowitz

Details

MLS 73300850
Status Pending
Price $2,750,000
DOM 65 days
Type Multi-Family
Beds 6
Total Baths 3 full baths
Square Feet 3,027 sqft
Lot Size 0.21 acres
Year Built 1900

Lot & Building Features

Sewer Public Sewer
Tax Year 2024
Taxes Paid $16,245
Water Public
Foundation Stone
Roof Rubber
Full Baths 3
Parking Off Street
Total Rooms 14
Garage Spaces 0

Map

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Financing

$
20%
1%
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.