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$1,995,000

Active

17 Kensington Avenue

Somerville, MA, 02145

Land · MLS #73504116

Days on market

New today

Lot size

0.23 ac

0.23 acres

Lot

About this home

Introducing 17 Kensington Avenue in Somerville- your opportunity to raze an existing single story commercial building and construct a new 4 story, 19-unit building in its place. The new building can be built for sale or for rent and the project is designed with 4-5 units per floor and a gross building area of 25,293 sq/ft. The unit mix includes (15) 2 bedroom/2 bath residences and (4) 1 bed/1 bath residences. Four units are to be designated affordable. Most residences have private outdoor space + the plans also call for a common roof deck! The lot is 10,006 sq/ft and is a rectangle with its long side fronting on Kensington Avenue. The property is located on a sleepy side street off of Broadway in a rapidly developing neighborhood w/easy access to shopping + restaurants and is only a half mile from the Assembly Square Orange Line T. The property is offered w/the land, existing building + a full set of architect drawings ready to submit. Make this your next project!

Property details

Electric
110 Volts

Listed by The Residential Group · Coldwell Banker Realty - Brookline

Schedule a showing

17 Kensington Avenue

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$12,914 / month

Down payment20% · $399,000
Interest rate6.50%

Loan term

Principal & interest
$10,088
Property tax
$1,995
Home insurance
$831

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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