Real estate listing preview #1
listing
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LandFor Sale
$3,950,000
10 Corinthian Road
Somerville, MA 02144
Courtesy of Fortune Re - Ryan Taylor
MLS Property Information Network
9,315Sq Ft
Est. Mortgage
$20,489/mo

Offered for sale is a rare to market 12-unit (2 6-unit structures) 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 & (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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Information courtesy of Fortune Re is subject to verification and is not guaranteed.
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