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75 Days on Jacob Realty
6
$2,375,000
Total Beds: N/A Total Baths: N/A
Total Units: 6 SQFT: 5445
LOT size: 2.30 Acres
107-109 Nichols Ave
Watertown, MA 02472
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Property Description

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

Building Information

  • Total Units: 6
  • Total Floors: 4
  • Basement Features: Walk Out

Financial

  • APOD Available: Yes
  • Gross Operating Income: 69600
  • Gross Expenses: 14945
  • Water/Sewer: 8300
  • INSC: 6645
  • Net Operating Income: 54655

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1921
  • Type: 5+ Family - 5+ Units Side by Side
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73308908
  • Last Updated: 11/05/24

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Map

Seller's Representative: Zahra Zoglauer, Berkshire Hathaway HomeServices Commonwealth Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-11-05 03:05:00