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25 Days on Jacob Realty
1
$1,185,000
Total Beds: 39 Total Baths: 26
Total Units: 13 SQFT: 14250
LOT size: 0.32 Acres
171 Stanwood St
Boston, MA 02121
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Property Description

Unique Development opportunity in one of Boston's Hottest submarkets. Located in the Coveted MFR multi family zoning district, this 1/3 Acre vacant lot is perfectly positioned on a beautiful treelined street yet just around the Corner from the Train, shop's restaurants. Initial feasibility shows 14,150 & 13 units to be allowed by right on the parcel (no variance or approvals required) Rent's & condo prices in the neighborhood have already reach staggering new highs in pricing, yet the neighborhood boasts the infrastructure and key geographic location for even more growth and development. With a massive housing shortage in the area, this could present itself as a large scale development. Seller has plans & survey in hand for (13) 3 bedroom 2 bathrooms. The efficient construction plans were designed to minimize cost & maximize return. Proforma shows potential +-590K gross rental income. Sold As is. Buyer to confirm all zoning info, Seller makes no representation on what can be built.

Property Details

Building Information

  • Total Units: 13
  • Total Floors: 3
  • Total Bedrooms: 39
  • Total Full Baths: 26

Financial

  • APOD Available: No

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 2025
  • Type: 5-9 Family
  • Foundation Info: Slab
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73293823
  • Last Updated: 09/27/24

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Map

Seller's Representative: Lucas Santos, Riverfront REALTORS®
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-09-27 03:05:00

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