Rare Developer Opportunity in Prime Jamaica Plain! Skip the lengthy Boston variance hurdles, zoning delays, and permitting headaches. This vacant parcel of land on Weld Hill Street comes with fully approved plans to build a 3-unit residential building, allowing you to move straight to excavation and construction. In a highly supply-constrained market like JP, a truly shovel-ready site is a rare find. This clean slate means zero surprises, and a significantly shortened holding period to accelerate your timeline to profitability. Future residents will love this prime location, situated just moments from the scenic trails of the historic Arnold Arboretum, the vibrant local shops and dining along Centre Street, and immediate access to the Orange Line for an effortless commute into downtown Boston. Whether your strategy is high-end condos or a lucrative rental portfolio, this project offers a de-risked path to excellent returns.
59 Weld Hill St, Boston, (Jamaica Plain), MA, 02130
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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