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
— MLSPIN #: 73308908Map of 107-109 Nichols Ave, Watertown, MA 02472
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| List Price: | $2,375,000 |
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| Status: | Active |
| MLS ID: | 73308908 |
| Town: | Watertown |
| County: | Middlesex |
| Zip: | 02472 |
| Property Type: | Residential Income |
| Property Sub Type: | 5+ Family - 5+ Units Side by Side |
| Bedrooms: | 0 |
| Living Area: | 5,445 sqft |
| Acres: | 2.3 |
| Taxes: | 23 |
| Lot Features: | Corner Lot |
| Parking Features: | Paved Drive, Driveway |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1921 |
| Directions: | corner of the Dexter and Nichols Ave |
| Foundation Details: | Concrete Perimeter |
| Listing Contract Date: | 2024-11-01 |
| Lot Size Area: | 2.3 |
| Lot Size Square Feet: | 99,999 |
| Rooms Total: | 16 |
| Bathrooms Total Integer: | 0 |
| Basement: | true |
| Basement: | Walk-Out Access |
| Building Area Source: | Other |
| Building Area Total: | 5,445 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 6 |
| Open Parking?: | Yes |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Zoning: | NB |
| Stories Total: | 4 |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $69,600 |
| Insurance Expense: | $6,645 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | Yes |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 2 |
| Flrs 2: | 2 |
| Gre: | 14,945 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $436.18 |
| Page: | 00 |
| Price Per Sqft: | $436.18 |
| Square Feet Disclosures: | Include Residential, Commercial |
| Square Feet Incl Base: | No |
| Net Operating Income: | $54,655 |
| Operating Expense: | $14,945 |
| Original List Price: | $2,375,000 |
| Parking Total: | 6 |
| Tax Assessed Value: | $1,219,300 |
| Tax Year: | 2024 |
| Total Actual Rent: | $5,800 |
| Water Sewer Expense: | $8,300 |
| Year Built Details: | Actual |
| Waterview Flag: | No |
| Bedrms 1: | 3 |
| Bedrms 2: | 3 |
| F Bths 1: | 2 |
| F Bths 2: | 2 |
| Hot Water: | Natural Gas |
| Rent1: | 2,900 |
| Rent2: | 2,900 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on November 23, 2024 05:54 AM
Property Last Updated: November 05, 2024 03:07 AM
Listing Courtesy of: Berkshire Hathaway HomeServices Commonwealth Real Estate
Listing Agent: Zahra Z Zoglauer
617-320-5815
