Property Description

Developers and Buyers - Rarely does an opportunity of this caliber emerge on Orchard Street— previously named by The Boston Globe "Top Spots to Live: The Best Streets in Greater Boston." Miticulously maintained and perfectly positioned between the vibrant hubs of Davis and Porter Squares, this exceptionally maintained two-family home sits on a premier 5,100 SF lot, offering a sophisticated canvas for a high-end development project with significant profit potential. The existing structure encompasses 4,366 gross SF, but the true value lies in the expansive vision for the site. Developers have the unique chance to execute a full gut renovation of the front two-family to add approximately 4,000 SF, while simultaneously constructing an additional 8,000 SF (including basement) for new luxury condos. This brings the total projected gross saleable area to a staggering 12,000 SF. With a projected resale value of $1,200 per square foot, the gross resale potential for this project reaches $14.4M. This is a chance to define luxury living on one of the region's most prestigious streets.Asking Price: $2.995M. Alternatively it would make a wonderful home for an end user looking for an ideal A+ Cambridge location with significant rental income in either unit and an expansive yard to enjoy in a home that has been exceptionally maintained by its owners, Now is the time to secure your position on Orchard Street before the rest of the market catches on. Offers reviewed when received.