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.

Listing Current as of October 12, 2024 9:00am

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