$2,375,000
107-109 Nichols Ave Watertown, MA 02472
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$2,375,000
Est. payment /mo
5,445 SqFt
UPDATED:
11/05/2024 08:05 AM
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 5,445 sqft
Price per Sqft $436
MLS Listing ID 73308908
Year Built 1921
Annual Tax Amount $23
Tax Year 2024
Lot Size 2.300 Acres
Acres 2.3
Property Description
Discover a prime investment opportunity With approximately 130k of NOI. This fully-rented, 6-unit mixed-use property is situated in a highly desirable location.2 expansive residential units and four profitable commercial spaces offer a diverse income stream. Over 2500 SQF residential units have a private entrance on the second floor. Include a spacious 3-BR, 2-BA home with an open floor plan. Modern kitchen with/ updated appliances and quality finishes throughout, in-unit laundry, central AC, and 6 parking enhance comfort and convenience. Over 3500 sqft of well-maintained commercial space on the ground floor is currently occupied by 4 thriving businesses, including a well-stocked grocery store and a popular restaurant. The grocery store serves exceptional food and is a staple in the community. The restaurant, known for its high traffic and delicious menu, attracts a steady stream of customers. Potential for increased income on all units. Perfect 1031 Exchange Investment
Location
State MA
County Middlesex
Zoning NB
Direction corner of the Dexter and Nichols Ave
Rooms
Basement Walk-Out Access
Exterior
Waterfront false
Total Parking Spaces 6
Garage No
Building
Lot Description Corner Lot
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
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