$175,000

About this home

Approved land for four 3-bedroom, 2.5-bath attached townhouses at 18 Crown Street in Worcester, each unit approximately 1,500 sq ft with a first-floor garage. Entitlement work is done: the Historical Committee has approved the plans, and the Planning Board has endorsed an ARP for the site (approved, recording to occur prior to closing). The 11,219.95 sq ft lot includes 8 parking spaces. Comparable finished townhouses in the area are trading around $525,000 per unit, putting the projected gross exit north of $2,000,000 against a $175,000 land basis — a shovel-ready opportunity for a builder or investor looking to skip the entitlement process.

Property details

MLS #

73556282

Property type

Home

Status

Active

Listed by

Boston Realty

Listed 5 days ago

Facts & features

Location