buy sell๐Ÿ”ง Fixer-Upper

Development Ready 5 Units Brick Building in Charlestown, Ma

Charlestown, MA, MA

$5,700,00010bd5ba10000sqft
Development Ready 5 Units Brick Building in Charlestown, Ma โ€” photo 1 of 7
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Overview

Rare Jewel APPROVED BY THE CITY OF BOSTON AS AN 8 UNIT BROWNSTONE CONDO PROJECT WITH PARKING FOR EVERY UNIT. One of the most sought after neighborhoods in Boston...dripping with the charm that defines Boston...surrounded by other Brownstones and located in this enchanting Monument Sq Neighborhood. Adorned with stunning views of the Boston Skyline. Two years in the making, this amazing project comes with plans and has already been approved. ORIGINAL STRUCTURE HAS 7100 SQ FT WITH 10,900 ADDITIONAL SQ FT IN THE APPROVED ADDITION. This exceptional design is comprised of multi level units with substantial city view roof decks. Appeal period has passed. Buyer will have to do own structurals, mechanicals & file for actual building permit. The vacant building features the original Brownstone along with a new addtion designed by KDI. Gross Sales Proformas are over $16 million. EVERY SINGLE UNIT HAS A NON TANDEM PARKING SPOT. Energy Code Compliance Opinion attached. ARCHITECT PLANS ATTACHED!

Additional Highlights
Attached 0-car garage
Lot size: 8,712 sqft (0.20 acres)
Year built: 1899

Property Details

Bedrooms10
Bathrooms5
Square Feet10000 sqft
Garage0 cars
Lot Size8,712 sqft (0.20 acres)
Year Built1899
Price$5,700,000
Project Typebuy sell
fixer upperdevelopment potential
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Calculate Your Payment

Estimate monthly costs for this property

Estimated Monthly Payment

$41,510/month

Includes PMI (down payment less than 20%)

Greater Boston average: ~2% of home value annually

Payment Breakdown

Principal & Interest$37,723
Property Tax$1,000
Insurance$125
HOA/Condo Fee$300
PMI$2,363

0.5% annual on loan amount

Total Monthly$41,510

Photo Gallery

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