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$3,750,000

Active

556 Cambridge/32 Gordon Package

Boston, MA, 02134

Land · MLS #73498461

Days on market

New today

Lot size

0.19 ac

0.19 acres

Lot

About this home

Put your money to work and build this fully approved two parcel, 20 unit project in a convenient Allston location. The package comprises 556 Cambridge Street, an existing 2 story office building together w/plans to replace it with a four story, 14 unit residential building. The second part of the package is an abutting 3 family at 32 Gordon Street, together w/plans to convert it to a 6 family via a gut rehab + the addition of roof dormers. The 556 Cambridge Street property is being permitted as a condominium project w/11 market rate and 3 affordable units and a mix that includes (1) 2 bed/2 bath, (7) 1 beds + (6) studios. The 32 Gordon Street property can be developed for sale or rent and once complete will comprise (2) 1 beds, (3) 2 bed/2 bath + (1) 3 bed/2 bath units, all market rate. This is your opportunity to transform this little corner of Boston into something outstanding! Can be delivered permit ready to issue.

Property details

Electric
110 Volts

Listed by The Residential Group · Coldwell Banker Realty - Brookline

Schedule a showing

556 Cambridge/32 Gordon Package

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$24,275 / month

Down payment20% · $750,000
Interest rate6.50%

Loan term

Principal & interest
$18,962
Property tax
$3,750
Home insurance
$1,563

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).

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