Sold!
$1,100,000
0.1
Acres
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Property Description
Attention Developers & Investors ~ Seller has in-hand City Zoning Approval for 7 residential units and 7 parking spaces, good until 6/24/2024. Approval is based on completed: Architectural Plans; Structural Plans; MEP plans; Civil Plans; Renderings. One final step for the ISD building permit is MA Elevator Board Approval for Vehicle Stacking Device. Obtain Demolition Permit and demolition can begin immediately.The neighborhood has proven to be highly desirable; rent increases in East Boston since 2020 are the second highest among Boston neighborhoods. East Boston is home to great restaurants with food inspired from Mexico, Italy, Brazil, and Peru. Attractions in this thriving neighborhood include the ICA Watershed, the City’s last salt marsh at Belle Isle, Piers Park, the beach at nearby Orient Heights, and fabulous views of Boston Harbor and Boston skyline. City permitting is done so you can build quickly and get 7 units on the market rapidly. **Attractive Financing Available.
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Highlights
- Area: East Boston
- Property Type: Residential
- Property Class: Land
- Status: Closed
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Additional Details
- Lot Features: Level, Curbs & Gutters, Storm Drains, Sidewalks
- Zoning: 3-Fam
- Road Frontage Type: Public
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Amenities
- Community Features: Public Transportation, Shopping, Highway Access, Marina
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Utilities
- Electric: On-Site
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $960,600
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2023
- Buyer Agent Compensation: 2.0%%
- Facilitator Compensation: 1.0%%
- Taxes: $10,409
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Listing information provided courtesy of RCL Real Estate, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
