Watertown Multi-Family Home for Sale

55 Days on Boardwalk Properties

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

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
11/05/2024	Active	$2,375,000	$436	MLSPIN
11/01/2024	New	$2,375,000	$436	MLSPIN

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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

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

Boardwalk Properties
143 Harvard Avenue
Allston, MA 02134
(617) 566 5333