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Home Massachusetts Watertown Multi-Family Homes for Sale

107-109 Nichols Ave Watertown, MA 02472
23 Days on Boardwalk Properties
6
107-109 Nichols Ave, Watertown, MA 02472
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$2,375,000
6 Unit
0 Beds
0 Baths
5445 SQFT
2.30 Acre

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
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Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 4
  • Basement Features: Walk Out

Financial

  • APOD Available: Yes
  • Gross Operating Income: 69600
  • Gross Expenses: 14945
  • Water/Sewer: 8300
  • INSC: 6645
  • Net Operating Income: 54655

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1921
  • Type: 5+ Family - 5+ Units Side by Side
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73308908
  • Last Updated: 11/05/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/05/2024Active$2,375,000$436MLSPIN
11/01/2024New$2,375,000$436MLSPIN

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Map

Seller's Representative: Zahra Zoglauer, Berkshire Hathaway HomeServices Commonwealth Real Estate
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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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.

MLS PIN data last updated at 2024-11-05 03:05:00

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