3 Family with significant development potential near Harvard. 60-62 Line Street is just blocks to Harvard Square, CHA Cambridge Hospital, Union Square, and Inman Square. With a large 9,000+ sq ft lot, there is potential to develop 6+ units with 6 parking spots on the property. Feasibility study is available upon request. The lot currently contains a 3-family property with 6 beds and 2 baths and has over 3,000 sq ft of living area. The first floor unit has a tenant at will. The second and third floor units are vacant. Extremely unique opportunity for both developers or primary buyers looking to build their dream home with or without rental income. Located on a quiet one-way street but just minutes to cafes, shops, restaurants and public transportation. Opportunities like this do not come along often. Buyers to do their own due diligence regarding any development opportunities.
— MLSPIN #: 73300850Map of 60-62 Line St, Somerville, MA 02143
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| List Price: | $2,750,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73300850 |
| Town: | Somerville |
| County: | Middlesex |
| Zip: | 02143 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family - 3 Units Up/Down |
| Bedrooms: | 6 |
| Full Baths: | 3 |
| Living Area: | 3,027 sqft |
| Acres: | 0.21 |
| Taxes: | 16,245 |
| Flooring: | Wood |
| Lot Features: | Wooded, Level |
| Parking Features: | Off Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1900 |
| Roof: | Rubber |
| Directions: | Use GPS |
| Foundation Details: | Stone |
| Postal Code Plus4: | 4308 |
| Electric: | Circuit Breakers |
| Listing Contract Date: | 2024-10-10 |
| Lot Size Area: | 0.21 |
| Lot Size Square Feet: | 9,018 |
| Rooms Total: | 14 |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Public Records |
| Building Area Total: | 3,027 |
| Community Features: | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, University |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Parcel Number: | M:66 B:D L:19 |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range |
| Zoning: | RB |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Disclosures: | Rear roof gutter downspout is subject to clogging with leaves and should be replaced with a larger downspout. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $25,200 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Lease 3: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $908.49 |
| Page: | 9999 |
| Price Per Sqft: | $908.49 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $25,200 |
| Original List Price: | $2,750,000 |
| Parking Total: | 5 |
| Tax Assessed Value: | $1,544,200 |
| Tax Year: | 2024 |
| Total Actual Rent: | $2,100 |
| Year Built Details: | Approximate |
| Bedrms 1: | 2 |
| Bedrms 2: | 2 |
| Bedrms 3: | 2 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 2,100 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on November 23, 2024 05:47 AM
Property Last Updated: October 14, 2024 03:09 AM
Listing Courtesy of: RE/MAX Destiny
Listing Agent: Sage Jankowitz
617-833-7457
