$1,600,000
550-560 Washington
Weymouth, MA, 02188
Unique opportunity for the right investor. Property is positive cash flow and consists of a single-family house that can rent for approx. $2800/mo., an attached 1 bedroom 1 bath apartment approx. $1000 to $1,500/mo., a large backlot storage area occupied by a general contractor to store equipment at $1,500/mo., a separate 1 car garage that can rent for $150-$200/mo. and $6,000/mo. from an established restaurant that’s been in business for 30 years. There is additional area to rent with the right investor. Estimated total monthly income is between $12,000 – $14,000/mo.The property is also approved for redevelopment for 28 units if you want to develop or just continue to operate as a landlord.
Property Details
Price:
$1,600,000
MLS #:
73333866
Status:
Active
Beds:
0
Baths:
0
Address:
550-560 Washington
Type:
Commercial
City:
Weymouth
Listed Date:
Feb 10, 2025
State:
MA
ZIP:
02188
Lot Size:
74,052 sqft / 1.70 acres (approx)
Year Built:
1956
Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$15,556
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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Courtesy of Dovetail Real Estate Group,LLC. 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.
550-560 Washington
Weymouth, MA
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