4-8 Church St, Natick, MA 01760
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$9,950,000
28 Unit
0 Beds
0 Baths
29576 SQFT
0.68 Acre

Property Description

Pleased to present an exceptional opportunity for investors, builders, and developers: the chance to acquire a substantial portfolio on Natick’s Church Street. This portfolio is situated on a 0.68- acre lot, featuring five (5) parcels, seven (7) independent buildings with twenty-eight (28) condo units on Church St. In 2023, the portfolio generated a total income of about $300,000, underscoring its robust income potential. This rare real estate offering includes in-place income and future rental growth by renewing and leasing all units at full market rates.This property benefits from DM (downtown mix-use) zoning with lot coverage of 60% under current zoning bylaw, allowing for future development of approximately 60+ units, upon zoning approval, across commercial, residential, or mixed-use buildings. This presents a versatile investment opportunity with promising potential returns. Adjacent to Natick Town Hall and Natick Common, this property enjoys a prime central location.

Property Details tap to expand

Building Information

  • Total Units: 28
  • Total Floors: 18
  • Total Fireplaces: 18

Financial

  • APOD Available: No
  • Gross Operating Income: 216
  • Net Operating Income: 216

Utilities

  • Electric Info: Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 9
  • Levels: 9

Unit 2 Description

  • Under Lease: No
  • Floors: 9
  • Levels: 9

Construction

  • Year Built: 1904
  • Type: Duplex
  • Construction Type: Other (See Remarks)
  • Foundation Info: Other (See Remarks)
  • Roof Material: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73294044
  • Last Updated: 12/19/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/28/2024Active$9,950,000$336MLSPIN
09/28/2024Active$9,950,000MLSPIN
09/28/2024Active$9,950,000MLSPIN
09/24/2024New$9,950,000MLSPIN
09/24/2024New$9,950,000MLSPIN
09/24/2024New$9,950,000$336MLSPIN

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Seller's Representative: Dream Team, Dreamega International Realty LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-19 22:13:00