$ 2,375,000
109 Nichols Ave Watertown, MA 02472
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$ 2,375,000
Est. payment /mo
Price Dropped by $50K
109 Nichols Ave Watertown, MA 02472
5,662 Sqft Lot
UPDATED:
11/03/2024 08:05 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73278109
HOA Y/N false
Year Built 1921
Annual Tax Amount $23
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
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
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Waterfront false
Roof Type Rubber
Total Parking Spaces 6
Others
Senior Community false
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate