60-62 Line St Somerville MA 02143 MLS #73300850

60-62 Line St
Somerville, MA, 02143
$2,750,000
6 Beds
3 Baths
3,027 SqFt
0.21 Acres
$2,750,000
60-62 Line St
Somerville, MA, 02143
3 Family with significant development potential near Harvard. 60-62 Line Street is just blocks to Harvard Square, CHA Cambridge Hospital, Union Square, and Inman Square. With a large 9,000+ sq ft lot, there is potential to develop 6+ units with 6 parking spots on the property. Feasibility study is available upon request. The lot currently contains a 3-family property with 6 beds and 2 baths and has over 3,000 sq ft of living area. The first floor unit has a tenant at will. The second and third floor units are vacant. Extremely unique opportunity for both developers or primary buyers looking to build their dream home with or without rental income. Located on a quiet one-way street but just minutes to cafes, shops, restaurants and public transportation. Opportunities like this do not come along often. Buyers to do their own due diligence regarding any development opportunities.

Property Details

Price:
$2,750,000
MLS #:
73300850
Status:
Active
Beds:
6
Baths:
3
Address:
60-62 Line St
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Somerville
Listed Date:
Oct 10, 2024
State:
MA
Finished Sq Ft:
3,027
Total Sq Ft:
3,027
ZIP:
02143
Lot Size:
9,018 sqft / 0.21 acres (approx)
Year Built:
1900
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms
Flooring
Wood

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Highway Access, House of Worship, Private School, Public School, T- Station, University
Parking Features
Off Street
Parking Spots
5
Roof
Rubber

Financial

Net Operating Income
$25,200
Tax Year
2024
Taxes
$16,245
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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60-62 Line St
Somerville, MA