$ 1,044,900
359 Lowell Somerville, MA 02145
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$ 1,044,900
Est. payment | /mo
2 Beds
2.5 Baths
4,326 SqFt
$ 1,044,900
Est. payment | /mo
2 Beds
2.5 Baths
4,326 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,326 sqft
Price per Sqft $241
MLS Listing ID 73291603
Bedrooms 2
Full Baths 2
Half Baths 1
HOA Y/N false
Year Built 1910
Annual Tax Amount $10,787
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Description
UPDATED ZONING STUDY - 7 units /1 Affordable. Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a ¼ mile from the newly opened Magoun Square GLX station. The 3,173 SF parcel abuts 3/4 of an Acre of MR4 zoned parcels on all sides and currently has a 4,350 SF existing structure generating $4,132/month with leases ending 8/31/24. An initial massing study indicated a 4-story 6,375 SF structure consisting of up to 8 units may be feasible. 359 Lowel Street’s proximity to Magoun Square station is situated within a Transit Zone affording no minimum parking requirements.Existing structure consists of Two Levels, 2,150 SF each. Renovated 2 Bed 2 Bath unit on the top floor and flex/open space on the first floor. Great ceiling height on both floors. Lots of possible options to increase value over the term of ownership. . Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.
Location
State MA
County Middlesex
Area Magoun Square
Zoning MR4
Direction Google Maps
Interior
Heating Central
Cooling Window Unit(s)
Exterior
Waterfront false
Parking Type Paved Drive
Garage No
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Fortune RE
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Nichole Willey
PSA, SRS, SRES, Realtor®️ | Rain Maker | Broker Associate | Partner | Principal | Lic# 9554165