107-109 Nichols Avenue

Watertown, MA 02472

$2,375,000
Price
Beds
5,445 Sq. Ft.
$436 / Sq. Ft.
5,445
Sq. Ft.
$436
per Sq. Ft.

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...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
  1. Listed by Zahra Zoglauer • Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Details for 107-109 Nichols Avenue

Town
Watertown
Area
MA-Watertown
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6
LISTING UPDATED: 11/05/2024 03:07 AM

Property Details for 107-109 Nichols Avenue

StatusActive
MLS #73308908
Days on Market50
Taxes$23 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Side by Side
Year Built1921
CountyMiddlesex County

Building Information for 107-109 Nichols Avenue

Stories4Residences6Year Built1921Building Size-Lot Size2.30 AC / 99,999 SF

Property Information for 107-109 Nichols Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 5445.0
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Walk Out
  • Num of Full Baths: 0
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Integer: 0
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Improved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Improved Driveway
  • Parking Features: Improved Driveway
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Assessments: $1,219,300
  • Book: 0017
  • Tax Year: 2024
  • Zoning: NB
Building / Association Information
Living Characteristics
  • Beds Total: 0
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $69,600.00
  • Insurance: $6,645.00
  • GRE: $14,945
  • NOI: $54,655.00
  • Operating Expense: $14,945.00
  • WSE: $8,300.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,800.00

Property History for 107-109 Nichols Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 107-109 Nichols Avenue

This home is within Watertown School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Hosmer Elementary School
PublicPK to 5

Watertown Middle School
Public6 to 8

Watertown High School
Public9 to 12

J.R. Lowell Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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107-109 Nichols Avenue is a multi-family home for sale in Watertown, MA 02472. This property was listed for sale on November 1, 2024 by Berkshire Hathaway HomeServices Commonwealth Real Estate, it's currently listed at $2,375,000. This listing's school district is Watertown School District. Nearby schools include Hosmer Elementary School, Watertown Middle School and Watertown High School. 107-109 Nichols Avenue is a 0-bed, 0-bath, 5,445 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Commonwealth Real Estate, Zahra Zoglauer

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.