Pleased to present an exceptional opportunity for investors, builders, and developers: the chance to acquire a substantial portfolio on Natick’s Church Street. This portfolio is situated on a 0.68- acre lot, featuring five (5) parcels, seven (7) independent buildings with twenty-eight (28) condo units on Church St. In 2023, the portfolio generated a total income of about $300,000, underscoring its robust income potential. This rare real estate offering includes in-place income and future rental growth by renewing and leasing all units at full market rates.This property benefits from DM (downtown mix-use) zoning with lot coverage of 60% under current zoning bylaw, allowing for future development of approximately 60+ units, upon zoning approval, across commercial, residential, or mixed-use buildings. This presents a versatile investment opportunity with promising potential returns. Adjacent to Natick Town Hall and Natick Common, this property enjoys a prime central location.
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Last Updated: November 2nd, 2024 at 8:48am
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General Information for 4-8 Church St, Natick, Massachusetts 01760
Property TypeResidential Income
Property Sub TypeMulti Family
Price$9,950,000
Price per sqft$336.42
MLS #73294044
Handicap Access / FeaturesNo
List Date2024-09-24
Special Listing ConditionsNo
StateMassachusetts
Street NameChurch St
CityNatick
Zip Code01760
CountyMiddlesex
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourceOwner
Building Area Total29576
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress4-8 Church St, Natick MA 01760
Zoning
Interior Features for 4-8 Church St, Natick, Massachusetts 01760
* Approx. Living Area Total29,576 sq ft
Living Area Includes BasementNo
Bedrooms0
* # Fireplaces18
Bathrooms (Total)0
Full Baths0
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure0.68 Acre Lot, 5 Parcels, 7 Buildings, 28 Units
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_19
MLSPIN_BEDRMS_29
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_19
MLSPIN_F_BTHS_29
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_19
MLSPIN_H_BTHS_29
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 4-8 Church St, Natick, Massachusetts 01760
* Approximate Lot Size0.68 acres
Covered Parking Spaces0
Lot FeaturesCorner Lot, Other
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1904
Year Built Details
Year Built SourceOwner
Construction MaterialsSee Remarks
Exterior Features
Foundation Area
Foundation MaterialsOther
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)29,620 Sqft
Disclosures for 4-8 Church St, Natick, Massachusetts 01760
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREY
Lead PaintUnknown
Living Area Disclosure0.68 Acre Lot, 5 Parcels, 7 Buildings, 28 Units
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 4-8 Church St, Natick, Massachusetts 01760
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceNo
Gross Income$216
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_19
MLSPIN_LEVELS_29
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT19
MLSPIN_RENT29
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$216
OperatingExpense$0
OriginalListPrice$9,950,000
RENT_FEE_INCLUDESNo
TOTAL_RENT18
WaterSewerExpense$0
Lifestyle Information for 4-8 Church St, Natick, Massachusetts 01760
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 4-8 Church St, Natick, Massachusetts 01760
Elementary School
Middle School
High School
NumberOfUnitsTotal28
Marketing History for 4-8 Church St, Natick, Massachusetts 01760
MLSPIN_MARKET_TIME_BROKER38
MLSPIN_MARKET_TIME_PROPERTY38
PurchaseContractDate
Agent Information for 4-8 Church St, Natick, Massachusetts 01760