17 Clyde St, Somerville, (Magoun Square), MA, 02145
0 beds
1886
0 sqft
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!
Status:
Pending
Town:
Somerville
Type:
Multi-family
Units:
6
Zoning:
NR
Garage:
8-car
Levels:
3
Parking:
6-car Paved Drive, Off Street
Acreage:
0.18
Est. Taxes:
$7,030
Assessment
$1,090,900
Lot Description:
Level
MLS #:
73227612
Buyer Agent Compensation:
2
Facilitator Compensation:
1
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Piantidosi Group, Coldwell Banker Realty - Andover Phone: 978-475-2201