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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Last Updated: November 4th, 2024 at 6:43am
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General Information for 109 Nichols Ave, Watertown, Massachusetts 02472
Property TypeCommercial Sale
Price$2,375,000
MLS #73278109
List Date2024-08-15
Special Listing ConditionsNo
StateMassachusetts
Street NameNichols Ave
Unit
CityWatertown
Zip Code02472
CountyMiddlesex
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress109 Nichols Ave, Watertown MA 02472
Zoning
Zoning DescriptionLegal Conforming
Business TypeNo
Interior Features for 109 Nichols Ave, Watertown, Massachusetts 02472
* Approx. Living Area Total0 sq ft
MLS Area (Major)
OffMarketDate
Exterior Features for 109 Nichols Ave, Watertown, Massachusetts 02472
* Parking Spaces6
* Year Built1921
Year Built Details
Year Built Source
Construction MaterialsNo
Approx. Street Frontage
Utilities
Disclosures for 109 Nichols Ave, Watertown, Massachusetts 02472
Buyer Agent Compensation2
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation2
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 109 Nichols Ave, Watertown, Massachusetts 02472
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease TypeGross
OriginalListPrice$2,425,000
Lifestyle Information for 109 Nichols Ave, Watertown, Massachusetts 02472
Association AmenitiesNo
Frontage Type
GarageYNNo
Location information for 109 Nichols Ave, Watertown, Massachusetts 02472
Marketing History for 109 Nichols Ave, Watertown, Massachusetts 02472
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 109 Nichols Ave, Watertown, Massachusetts 02472
Agent MLS IDCN200502
Office MLS IDAN4878
Buyer Agent MLS ID
Buyer Office MLS ID
Team Members
Exclusive Listing Agent
Zahra Zoglauer
Berkshire Hathaway HomeServices Commonwealth Real Estate