Investors, builders, and developers take notice! Amazing opportunity to develop (2) 3 family properties in a bustling area of Somerville. Property is currently a single-family residence with 8-car garage on a lot that sits in NR Zoning which along with MBTA Communities Law allows for subdivision and “by right” 3-unit build! Great area very close to Magoun Square T station and Maxwell’s Green. Property is ~equidistant to Davis, Ball, and Porter Squares. Highly sought-after neighborhood and minutes to Boston. This transaction is subject to a 24-Month Sale/Leaseback agreement for resident as well as the City of Somerville’s Historic Preservation Commission’s 18-month moratorium on demolition. Currently, one side of the lot allows for immediate subdivision and development. Sale/Leaseback provides buyer with income during the permitting process, a win-win for all. Buyer and/or buyer’s agents/representatives to do their own full due diligence. Don’t miss this opportunity!
Property Details
Price:
$1,695,000
MLS #:
73227612
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
17 Clyde St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Somerville
Listed Date:
Apr 23, 2024
State:
MA
ZIP:
02145
Lot Size:
7,840 sqft / 0.18 acres (approx)
Year Built:
1886
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Schools
Interior
Exterior
Parking Features
Paved Drive, Off Street
Parking Spots
6
Financial
Buyer Agent Compensation
2%
Tax Year
2023
Taxes
$7,030
Map
Community
- Address17 Clyde St Somerville MA
- CitySomerville
- CountyMiddlesex
- Zip Code02145
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Courtesy of Coldwell Banker Realty – Andover. 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.
17 Clyde St
Somerville, MA
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