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Home Massachusetts Somerville Homes for Sale

359 Lowell Somerville, MA 02145
35 Days on Jacob RealtyPrice Reduced $4,100
14
$1,044,900
2 Beds 3 Baths
HOA
N/A
SQFT
4326
359 Lowell
Somerville, MA 02145
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Property Description

UPDATED ZONING STUDY - 7 units /1 Affordable. Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a ¼ mile from the newly opened Magoun Square GLX station. The 3,173 SF parcel abuts 3/4 of an Acre of MR4 zoned parcels on all sides and currently has a 4,350 SF existing structure generating $4,132/month with leases ending 8/31/24. An initial massing study indicated a 4-story 6,375 SF structure consisting of up to 8 units may be feasible. 359 Lowel Street’s proximity to Magoun Square station is situated within a Transit Zone affording no minimum parking requirements.Existing structure consists of Two Levels, 2,150 SF each. Renovated 2 Bed 2 Bath unit on the top floor and flex/open space on the first floor. Great ceiling height on both floors. Lots of possible options to increase value over the term of ownership. . Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.
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Property Details

Bathrooms

  • Full Baths: 2
  • Half Baths 1

Bedrooms

  • Bedrooms: 2

Other Rooms

  • Total Rooms: 7

Utilities

  • Heating: Central Heat, Electric
  • Cooling: Window AC
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Interior Features

  • Square Feet: 4326
  • Accessability Features: Unknown

Construction

  • Year Built: 1910
  • Type: Detached
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73291603
  • Last Updated: 10/13/24
  • HOA: No
  • Reqd Own Association: Unknown

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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 2024-10-13 03:05:00

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