Home For Sale In Somerville, Massachusetts

house for sale

Listed: 04/27/24

17 Clyde Street, Somerville, MA 02144, USA

Studio Bed:

Price

$ 1,7M

Sold

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About This House

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!

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Home For Sale In Somerville, Massachusetts

17 Clyde Street, Somerville, MA 02144, USA

About This House

Protect Yourself From Rental Scams

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