$2,030,000
$2,375,000
14.5%For more information regarding the value of a property, please contact us for a free consultation.
107-109 Nichols Ave Watertown, MA 02472
5,445 SqFt
Key Details
Sold Price $2,030,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 5,445 sqft
Price per Sqft $372
MLS Listing ID 73308908
Year Built 1921
Annual Tax Amount $23
Tax Year 2024
Lot Size 2.300 Acres
Property Sub-Type 5+ Family - 5+ Units Side by Side
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
Building
Lot Description Corner Lot
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Zahra Zoglauer • Berkshire Hathaway HomeServices Commonwealth Real Estate