Buying a development opportunity in Ten Hills

Generally when we are talking about development opportunities in Ten Hills, we're talking about a very particular scenario: buying a two-family and converting them into two luxury condos.

For the numbers to make sense, you're going to be purchasing the property somewhere between $1M-$1.2M, and generally you're going to have to build two very large luxury units that are about 2,000-2,400 sqft each and can accommodate 4 bedrooms and 3 full bathrooms. This can be possible when you dormer out the third floor of these properties and have enough basement ceiling height. At that size unit, you are generally looking at a sell out of $1.3M-$1.5M per unit, making the numbers attractive.

If you are looking for a development opportunity in Ten Hills and would like to learn more, give me a call at 617-833-7457 to discuss in more detail.