10 Corinthian Rd, Somerville, Massachusetts, United States | Residential Land For Sale at GLOBAL LISTINGS

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Residential Land For Sale

$3,950,000

10 Corinthian Rd
Somerville, Massachusetts, United States

Listed By: Realtyww Info

Listed On: 08/02/2024

Listing ID: GL11737594 View More Details

Description

Offered for sale is a rare to market 12-unit 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 and (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.

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Listed by: Ryan Taylor