24-32 Newtonville Ave

Newton, MA 02458

Greg Martin Greg.Martin@moveforwardboston.com 24-32 Newtonville Ave, Newton, MA 02458 http://www.tourmatic.com/24-32-newtonville-ave-newton-02458 497 24-32-newtonville-ave-newton-02458 10921
15 BEDS 15 BATHS 26,000 SF LOT
Portfolio Sale Multi Family / Commercial Buildings

24 Newtonville Ave Newton – $1.5M Two Family Home Prime Location, situated on 12,080 SF Lot Book / Page 49567 / 368. Electric, Gas, Sewer – Complete. Ready for redevelopment or buy and hold cash flow. Strong Community, Top Ranked Schools, Commuter Rail, Access to major highways and easy access downtown Boston. Annual Gross Income- $78,040. Living Area – 2,952 SF.

- Work needed: Kitchens and bathroom upgrade to increase rental income. OR Create and submit permit for development, potentially higher density multifamily with assemblage to neighboring property (also for sale in combination) Zoning SR3.

32 Newtonville Ave Newton - $1.5M Prime Location 14 bedrooms rest home situated on 14,258 SF Lot Book / Page 19248 / 514. Electric, Gas, Sewer – Complete. Ready for redevelopment. This property has a special permit to operate up to 18 bedrooms in a rest home facility which may be valuable to healthcare property owners. It also has the potential to be multifamily or mixed use. Building Type: Commercial, Gross Building Area: 5,969 SF.

- Work needed: Total gut renovation and redesign. Potential to expand property and use into skilled nursing presents huge upside if town allows it. Prime Location.

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