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83 Days on Jacob Realty
1
$3,950,000
Total Beds: 26 Total Baths: 24
Total Units: 12 SQFT: 14845
LOT size: 0.21 Acres
10 Corinthian Road
Somerville, MA 02144
View Map

Property Description

***NEW CONSTRUCTION*** 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.

Property Details

Building Information

  • Total Units: 12
  • Total Floors: 4
  • Total Bedrooms: 26
  • Total Full Baths: 22
  • Total Half Baths: 2
  • Basement Features: Finished, Other (See Remarks)

Financial

  • APOD Available: No

Utilities

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

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 2026
  • Type: 5+ Family - 5+ Units Side by Side
  • Foundation Info: Poured Concrete
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73271961
  • Last Updated: 10/04/24

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Map

Seller's Representative: Ryan Taylor, Fortune RE
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 2024-10-04 03:05:00

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