4-8 Church Street

Natick, MA 01760

$9,950,000
Price
Beds
29,576 Sq. Ft.
$336 / Sq. Ft.
29,576
Sq. Ft.
$336
per Sq. Ft.

Description

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...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.
  1. Listed by Dream Team • Dreamega International Realty LLC
  2. Listed by Yifei Wang • Dreamega International Realty LLC
  3. Listed by Shuocen Yuan • Dreamega International Realty LLC

Property Details for 4-8 Church Street

Town
Natick
Area
MA-Natick
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 11/01/2024 06:07 PM

Property Details for 4-8 Church Street

StatusActive
MLS #73294044
Days on Market58
Taxes$7,281 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / Duplex
Year Built1904
CountyMiddlesex County

Building Information for 4-8 Church Street

Stories18Residences28Year Built1904Building Size-Lot Size0.68 AC / 29,620 SF

Property Information for 4-8 Church Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 29576.0
  • SqFt with Basement: No
  • Total Units: 28
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Owner
Features
Interior Features
  • Num of Full Baths: 0
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Integer: 0
  • FireplaceYN: Yes
  • Fireplaces: 18
  • SpaYN: No
Exterior Features
  • Construction: See Remarks
  • Exterior Features: Other (See Remarks)
  • Exterior Features: Other (See Remarks)
  • Lot Description: Corner Lot, Other
  • Roof Material: Other
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Other
  • Parking Features: Other
Utilities
  • Electric: Other (See Remarks)
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: +/- 29576 SQUARE FOOT BUILDINGS SITTING ON A 0.68 ACRE LOT,RIGHT NEXT TO NATICK CITY TOWN HALL
Tax Information
  • Tax ID: M:00000044 P:00000142
  • Assessments: $593,900
  • Book: 0
  • Tax Year: 2024
  • Zoning: DM
Building / Association Information
Living Characteristics
  • Beds Total: 0
  • Total Living Levels: 18
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • GOI: $216.00
  • NOI: $216.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 9
  • Lease U1: N
  • Levels U1: 9
Unit 2 Description
  • Floor U2: 9
  • Lease U2: N
  • Levels U2: 9
Rental Info
Rental Info
  • Total Actual Rent: $18.00

Property History for 4-8 Church Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4-8 Church Street

This home is within Natick School District.
Rating
School
Type
Grades
Distance
Public - 1 to 4
Public - 5 to 8
Public - 9 to 12
Private - 9 to 12
Rating
School
Distance
Johnson Elementary School
Public1 to 4

J F Kennedy Middle School
Public5 to 8

Natick High School
Public9 to 12

Walnut Hill School for the Arts
Private9 to 12

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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4-8 Church Street is a multi-family home for sale in Natick, MA 01760. This property was listed for sale on September 24, 2024 by Dreamega International Realty LLC, it's currently listed at $9,950,000. This listing's school district is Natick School District. Nearby schools include Johnson Elementary School, J F Kennedy Middle School and Natick High School. 4-8 Church Street is a 0-bed, 0-bath, 29,576 sqft multi-family home built in 1904.

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 Dreamega International Realty LLC, Dream Team; Dreamega International Realty LLC, Yifei Wang; Dreamega International Realty LLC, Shuocen Yuan

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.