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109 Nichols Ave

Watertown, MA 02472
  • $2,375,000
  • STATUS: Active
  • MLS #: 73278109
UPDATED: 63 min ago
$2,375,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1921
County:

School Ratings & Info

Listing courtesy of Zahra Zoglauer of Berkshire Hathaway HomeServices Commonwealth Real Estate.

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

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. Data last updated 2024-12-12T00:03:37.017.
www.welchmanrealestate.com/homes/153691052
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109 Nichols Ave Watertown, MA 02472

  • Price: $2,375,000
  • Status: Active
  • On Site: Days
  • Updated: 63 min ago
  • MLS #: 73278109
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1921
Built
County:
Middlesex
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
Exterior Features

Parking Total 6 Roof Rubber Waterfront YN No

Property Features

Association YN No Existing Lease Type Gross Gross Income 165600 Home Warranty YN No Net Operating Income 129440 Operating Expense 36159 Senior Community YN No Tax Annual Amount 23.01 Tax Year 2024 Utilities Public WaterPublic SewerNatural Gas Available Zoning NB

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Zahra Zoglauer of Berkshire Hathaway HomeServices Commonwealth Real Estate: 617-926-5280.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. Data last updated 2024-12-12T00:03:37.017.
 
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Listing courtesy of Zahra Zoglauer of Berkshire Hathaway HomeServices Commonwealth Real Estate.