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$5,250,000
Total Beds: 10 Total Baths: 5
Total Units: 3 SQFT: 3468
LOT size: 0.57 Acres
9 Aldersey St
Somerville, MA 02143
This Property is No Longer Available

Property Description

Prime Location; permitted for 11 luxury condominium units; a contractor’s dream. Less than 1,000 foot stroll to Union Square This 25,000 square foot parcel is in the attractive Prospect Hill area; it has an historic 3 unit structure with Special Permit and Certificate of Appropriateness for additional 8 units (one to be ‘affordable’); it is within comfortable walking distance of Highland Ave. and Union Square with its new Green Line.The site is sloped from back to front; 200' of frontage; a depth of 125'; all utilities are present; no unusual construction requirements; the permitted FAR is .75 or 18,750 sq. ft.; 24 parking spaces. The existing structure is sound and sturdy with 9’ basement and gravity sewer. The interior can be easily and completely modernized. Currently three TAW.

Property Details

Building Information

  • Total Units: 3
  • Total Rent: 5500
  • Total Floors: 6
  • Levels: 3
  • Total Rooms: 17
  • RMS: 17
  • Total Bedrooms: 10
  • Total Full Baths: 5
  • Basement Features: Full

Financial

  • APOD Available: No
  • Gross Operating Income: 66000
  • Net Operating Income: 66000

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 1500
  • Under Lease: No
  • Rooms: 5
  • Floors: 1
  • Bedrooms: 3
  • Full Baths: 2
  • Levels: 1

Unit 2 Description

  • Rent: 2800
  • Under Lease: No
  • Rooms: 8
  • Floors: 2
  • Bedrooms: 5
  • Full Baths: 2
  • Levels: 2

Unit 3 Description

  • Rent: 1200
  • Under Lease: No
  • Rooms: 4
  • Floors: 3
  • Bedrooms: 2
  • Full Baths: 1
  • Levels: 2

Construction

  • Year Built: 1850
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown

Other Information

  • MLS ID# 72832188
  • Last Updated: 06/14/21

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