107-109 Nichols Ave Watertown MA 02472 MLS #73308908

107-109 Nichols Ave
Watertown, MA, 02472
$2,375,000
Beds
0 Baths
5,445 SqFt
2.3 Acres
$2,375,000
107-109 Nichols Ave
Watertown, MA, 02472
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

Price:
$2,375,000
MLS #:
73308908
Status:
Active
Beds:
0
Baths:
0
Address:
107-109 Nichols Ave
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Side by Side
City:
Watertown
Listed Date:
Nov 1, 2024
State:
MA
Finished Sq Ft:
5,445
Total Sq Ft:
5,445
ZIP:
02472
Lot Size:
99,999 sqft / 2.30 acres (approx)
Year Built:
1921
Units:
6

Schools

Interior

Exterior

Parking Features
Paved Drive, Driveway
Parking Spots
6

Financial

Net Operating Income
$54,655
Tax Year
2024
Taxes
$23
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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107-109 Nichols Ave
Watertown, MA