Homes for sale - 107-109 Nichols Ave, Watertown, MA 02472

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BHRE Brad Hutchinson Real Estate

sales@bradhutchinson.com +1(781) 665-2222

$2,375,000

Est. payment - /mo

5,445 SqFt

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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

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

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts, 02176, United States

107-109 Nichols Ave Watertown, MA 02472