107-109 Nichols AvenueWatertown, MA 02472MLS Number 73308908

  • Price: $2,375,000
  • Est. Mortgage of $/month
  • 83 Days on Market
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Federal 30-year interest rate: 7.04% last updated on Jan 16, 2025
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107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472
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  • 2.3Acreage
  • 1921Year Built
  • 5,445Square Feet
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
Listed by Zahra Zoglauer of Berkshire Hathaway HomeServices Commonwealth Real Estate

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Colonial Manor Realty
Colonial Manor Realty
Office: 781-844-9371
127 Franklin St
Reading, MA 01867

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More Info

Basic Information

  • Gross Income $69,600
  • Lot Features Corner Lot
  • Mls StatusActive

Location

  • Address107-109 Nichols Avenue
  • Building Number107-109
  • CountyMiddlesex
  • StateMA
  • StreetNichols Avenue
  • TownWatertown
  • Zip02472

Property Information

  • Building Area Source Other
  • Living Area 5,445
  • Lot Size Square Feet 99,999
  • Lot Size Units Acres
  • Square Feet5,445

Tax Information

  • Tax Assessed Value $1,219,300
  • Tax Year 2024
  • Taxes$23

Basic Information

  • List Price$2,375,000
  • MLS Number73308908
  • Modification Date11/05/2024
  • Property SubType5+ Family - 5+ Units Side by Side

Property

  • Acreage2.3

Utilities

  • Sewer Public Sewer
  • Water Source Public

Other

  • Date Listed11/01/2024
  • Farm Land Area Units Square Feet
  • View Count4

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Driveway
  • Parking Spaces6

Building

  • BasementWalk-Out Access
  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Rooms16
  • Stories4
  • Units6
  • Year Built1921
  • Year Built Details Actual
  • Year Built Source Public Records
Listed by Zahra Zoglauer of Berkshire Hathaway HomeServices Commonwealth Real Estate

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

I agree to receive marketing and customer service calls and text messages from Bobbie Botticelli. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

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