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107-109 Nichols Ave
107-109 Nichols Ave
107-109 Nichols Ave
107-109 Nichols Ave
107-109 Nichols Ave
107-109 Nichols Ave
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$2,030,000

107-109 Nichols Ave

5,445 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 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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Location

107-109 Nichols Ave, Watertown, MA 02472

Status

Sold
Zahra Zoglauer

Zahra Zoglauer

TITLE

REALTOR®

Property Amenities

Area & Lot
Lot Area 2.3 Acres
Living area 5,445 Sq.Ft.
MLS® ID 73308908
Year Built 1921
Type Multi-Family
Status Sold
Exterior
Stories 4
Water Source Public
Sewer Public Sewer
Parking Paved Drive, Driveway
Lot Features Corner Lot
Finance
Sales Price $2,030,000
Real Estate Tax $23 yearly

Work With Zarah

Experience a real estate journey defined by dedication, personalized service, and a deep understanding of Massachusetts’ vibrant communities. Whether you’re buying, selling, or simply exploring, Zahra’s expert guidance ensures a smooth and rewarding process tailored to your needs.