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Canceled

10 Corinthian Road, Somerville MA 02144

$3,950,000

Estimated $7,888.52/month Calculator

Multi Family

Total Units: 12

Price Per Unit: $329,166.67

Total Rent: 0/year

Estimated CAP Rate: -0.45%

26 Bedrooms

22 Full, 2 Half Baths

14,845 SqFt

Total Parking: 8

9,315 SqFt

***NEW CONSTRUCTION*** Offered for sale is a rare to market 12-unit (2 6-unit structures) boutique condo project in close proximity to Davis Square delivered with zoning approvals. The site is located adjacent to world-renowned Tufts University and a short walk to the Davis Square Transit Station. The development boasts 15,691 GSF across 12 Market Rate units with 8-9 off-street surface parking spaces and dedicated outdoor space for each unit. The unit mix consists of (2) 1-Beds, (6) 2-Beds & (4) 3-Beds. Recent sales comps in the immediate vicinity project a sellout of $13,274,500 imputing a 34.97% Return on Cost and an Equity Multiple of 2.4.Project can also be delivered with a building permit for additional consideration.

This home has been viewed 25 times

Last Checked: October 23rd, 2024 at 4:19am (Source: MLS PIN #73271961)

Gross Income: $0

Gross Expenses: $17,803

Net Income Calc: $17,803

CAP Rate: -0.45%

Annual Expenses for 10 Corinthian Road, Somerville MA 02144

Total Gross Expenses (Calculated)$17,803/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$17,803.34

Annual Income & Unit Breakdown for 10 Corinthian Road, Somerville MA 02144

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit2

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesNo

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesNo

General Information for 10 Corinthian Road, Somerville MA 02144

Listing ID73271961

Property TypeMulti Family

Price$3,950,000 ($266.08/SqFt)

Style5+ Family - 5+ Units Side By Side

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total14,845 SqFt

Approximate Lot Size (Acres)0.21 acres

Total Parking8

Garage Parking

Year Built2026

Year Built SourceBuilder

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningNR

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 10 Corinthian Road, Somerville MA 02144

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 10 Corinthian Road, Somerville MA 02144

Real Estate Taxes$17,803.34

Tax Year2024

Assessed Value$1,668,800

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.45%

Location Information for 10 Corinthian Road, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesNo

Contact Information for 10 Corinthian Road, Somerville MA 02144

Agent

Name: Ryan Taylor

Office

Name: Fortune RE

Phone: 617-874-1000

Payment Calculator

, Interest

Property Taxes 1483.61

Principal & Interest 24338.64

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Fortune RE

Ryan Taylor

Agent Phone

Office Phone

(617) 874-1000

Text Agent Call Agent Call Office

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[id] => 547105
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[owner_occupancy_source] => 
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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    [total_parking] => 8
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[water_views_features] => Array
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EXIT

Canceled

10 Corinthian Road, Somerville MA 02144

$3,950,000

Annual Expenses for 10 Corinthian Road, Somerville MA 02144

Annual Income & Unit Breakdown for 10 Corinthian Road, Somerville MA 02144

General Information for 10 Corinthian Road, Somerville MA 02144

Disclosures for 10 Corinthian Road, Somerville MA 02144

Financial Information for 10 Corinthian Road, Somerville MA 02144

Location Information for 10 Corinthian Road, Somerville MA 02144

Contact Information for 10 Corinthian Road, Somerville MA 02144

Agent

Office

Payment Calculator

Exclusive Listing Agent

Fortune RE

Ryan Taylor