Buying a Development Opportunity in Davis Square

Development opportunities are definitely doable in Davis Square. I find one of the better plays for this part of town is purchasing single families that are in disrepair OR 2-families that could be converted into two really nice condos. The single family play in particular has a lot of potential and I have seen multiple poorly cared for single families close to Davis Square center totally transformed while preserving a lot of unique character and selling for well north of $2M. The trick is finding options with enough meat on the bone given the high interest rate and high construction cost environment as of this writing. 

If you are thinking of buying a development opportunity but need some help with where to target and how to run numbers, give me a call at 617-833-7457!