171 Stanwood St, Boston, MA 02121
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$1,185,000
13 Unit
39 Beds
26 Baths
14250 SQFT
0.32 Acre

Property Description

Unique Development opportunity in one of Boston's Hottest submarkets. Located in the Coveted MFR multi family zoning district, this 1/3 Acre vacant lot is perfectly positioned on a beautiful treelined street yet just around the Corner from the Train, shop's restaurants. Initial feasibility shows 14,150 & 13 units to be allowed by right on the parcel (no variance or approvals required) Rent's & condo prices in the neighborhood have already reach staggering new highs in pricing, yet the neighborhood boasts the infrastructure and key geographic location for even more growth and development. With a massive housing shortage in the area, this could present itself as a large scale development. Seller has plans & survey in hand for (13) 3 bedroom 2 bathrooms. The efficient construction plans were designed to minimize cost & maximize return. Proforma shows potential +-590K gross rental income. Sold As is. Buyer to confirm all zoning info, Seller makes no representation on what can be built.

Property Details tap to expand

Building Information

  • Total Units: 13
  • Total Floors: 3
  • Total Bedrooms: 39
  • Total Full Baths: 26

Financial

  • APOD Available: No

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 2025
  • Type: 5-9 Family
  • Foundation Info: Slab
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73293823
  • Last Updated: 09/27/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/27/2024Active$1,185,000$83MLSPIN
09/23/2024New$1,185,000$83MLSPIN
09/12/2024Canceled$1,285,000$91MLSPIN
09/10/2024Active$1,285,000$91MLSPIN
09/06/2024New$1,285,000$91MLSPIN
06/04/2020Canceled$800,000MLSPIN
11/26/2017Under Agreement$800,000MLSPIN
07/20/2017Active$800,000MLSPIN

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Seller's Representative: Lucas Santos, Riverfront REALTORS®
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-09-27 03:05:00

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