Property Map
Street View
Courtesy of Fortune RE, Ryan Taylor.
Description
UPDATED ZONING STUDY – 7 units /1 Affordable. Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a ¼ mile from the newly opened Magoun Square GLX station. The 3,173 SF parcel abuts 3/4 of an Acre of MR4 zoned parcels on all sides and currently has a 4,350 SF existing structure generating $4,132/month with leases ending 8/31/24. An initial massing study indicated a 4-story 6,375 SF structure consisting of up to 8 units may be feasible. 359 Lowel Street’s proximity to Magoun Square station is situated within a Transit Zone affording no minimum parking requirements.Existing structure consists of Two Levels, 2,150 SF each. Renovated 2 Bed 2 Bath unit on the top floor and flex/open space on the first floor. Great ceiling height on both floors. Lots of possible options to increase value over the term of ownership. . Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.
Property Details and Features
Bathrooms
- 2 full bathrooms
- 1 half bathroom
- 2.5 total bathrooms
- 3 total bathrooms
Bedrooms
- 2 bedrooms
Building
- Building Area Total: 4326
- Building Area Units: Square Feet
- Living Area: 4326
- Year Built Source: Public Records
- Year Built: 1910
Cooling
- Cooling: “Window Unit(s)”
- Cooling Included
Foundation
- Foundation Details: “Concrete Perimeter”
Heating
- Heating: “Central”
- Heating Included
Lot
- Lot Size Acres: 0.07
- Lot Size Area: 0.07
- Lot Size Square Feet: 3173
- Lot Size Units: Acres
- Parcel Number: 753403
Parking
- Parking Features: “Paved Drive”
- Parking Total: 0
- Open Parking
Property
- Property Sub Type: Single Family Residence
- Zoning: MR4
Sewer
- Sewer: “Public Sewer”
Taxes
- Tax Annual Amount: 10787.21
- Tax Year: 2024
Utilities
- Water Source: “Public”