LOT SIZE 1.410 acres
MLS#73500706
STATUSActive
PROPERTY TYPELand - Residential
Property Description
Comprehensive permit approved and secured to build 20 net new rental units under chapter 40b. Rental units approved as 12 x 1 bedroom units, 6 x 2 bedroom units, 2 x 3 bedroom units Projected rents/monthly/annual income: pro forma included in attached sales deck. Listing price Includes existing 4 bed single family home that resides on the land, which is rented out to stable long tenured tenant - generating $3,400 monthly rent. Buyer will work with already paid 40b consultant to finalize state approval. To finalize Buyer will need to secure financing. Building permit is waiting for new buyer to complete, with all documentation submitted and approved by the town. Hard costs based on actual bids which will be shared with prospective buyer(s). Possible condo conversion available / multiple exit strategies.
Property Features
Property Type: Land - Residential
Lot Size: 1.41 Acres
Taxes: $5,735
Feature Descriptions
Community Features: Public Transportation, Shopping, Golf, Highway Access, House of Worship, Public School
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 3
Electric: At Street
Lot Features: Level, Corner Lot, Cleared
Parcel Number: M:D4 P:70,1108745
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Sewer: Private Sewer
Water: Public, At Street
Listed By / Shown By
Listed By
Agency Name: LAER Realty Partners
Agency Phone: 508-888-8999
Agent Name: James Kalweit
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 4,253.77 per month $3,338.35 Principal & Interest $477.92 Property Tax $437.50 Homeowner's Insurance
52 Plain St | MLS# 73500706
This land located at 52 Plain St, Pembroke, MA 02359 is currently listed for sale with an asking price of $1,500,000. The property has approximately 1.41 Acres. Search Pembroke real estate on www.masiellogrouprealestate.com today.