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$ 2,030,000
$ 2,375,000 14.5%
Est. payment /mo
Sold on 04/04/2025
107-109 Nichols Ave Watertown, MA 02472
5,445 SqFt
UPDATED:
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
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Bought with Zahra Zoglauer • Berkshire Hathaway HomeServices Commonwealth Real Estate
Bought with Zahra Zoglauer • Berkshire Hathaway HomeServices Commonwealth Real Estate
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