Active
107-109 Nichols Ave
Watertown MA, 02472
$2,375,000
$436.18 per sqft
Active
5,445 sqft
Multi-family
Built in 1921
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
73308908
MLSⓇ ID
November 1, 2024
Listed
November 22, 2024
Updated
Map
107-109 Nichols Ave
Watertown MA, 02472
Interior Features
Total Stories
4
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.3 Acres
Lot Features
Corner Lot
Sewer
Public Sewer
Other Property Details
Taxes
$23
Tax Frequency
Annually
Days on Market
4
Garage
No
Parking
Paved Drive, Driveway
Parking Total
6
View
No
County
Middlesex
Water Source
Public
Pool
No
Zoning
NB
Courtesy of Zahra Zoglauer, Berkshire Hathaway HomeServices Commonwealth Real Estate
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Data last updated 11:25 PM UTC, 11/22/2024
