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22 Horace St

Somerville, MA 02143
$4,950,000
0.18 Acres
  • Property Description
    Strategic acquisition opportunity for the Horace and Ward Portfolio, a 9 units & 3 parcel collection located next to Boynton Yards. The property is ideally situated for wide array of urban redevelopment opportunities as it abuts a cluster of life sciences focused lab space and office spaces, and well-connected to transportation networks and local retail and recreation zones in Union Square, Twin City Plaza, and Cambridge Crossing, and is well positioned for both commercial and residential or mixed use purposes. Three Parcels consists of 22 Horace (2 Fam), 24 Horace (3 Fam)and 28 Ward (3 Fam +) being offer "as-is" for the entire portfolio. Individual parcels are not separately priced, but individual sales will be considered, contingent upon the sale of the remainder parcels, as sellers’ preference is to exit the entire portfolio at similar time. Currently used as multi-family rental properties. Seller will consider creative offers!
  • Highlights
    • Property Class: Land
    • Status: Active
    • Property Type: Residential
  • Additional Details
    • Lot Features: Level
    • Zoning: Rb
  • Utilities
    • Electric: On-Site
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $764,500
    • Compensation Based On: Net Sale Price
    • Tax Year: 2024
    • Buyer Agent Compensation: 1.5%%
    • Facilitator Compensation: 1.5%%
    • Taxes: $8,043

Location

22 Horace St, Somerville, MA 02143

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