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Home Massachusetts Watertown Multi-Family Homes for Sale

107-109 Nichols Ave Watertown, MA 02472
32 Days on Boston Pads
6 Photos
$2,375,000
6 Unit
0 Beds
0 Baths
5445 SQFT
2.30 Acre
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
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Property Overview

Property Details click or tap to expand

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

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/05/2024Active$2,375,000$436MLSPIN
11/01/2024New$2,375,000$436MLSPIN

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Map & Resources

Saint Stephen's Armenian Elementary School

Grades: 1-6

0.11mi

St. Stephen's Armenian School

Private School, Grades: PK-5

0.14mi

Open Wings Child Care Center

Grades: PK-K

0.24mi

Atrium School

Private School, Grades: K-6

0.39mi

Hosmer School

Public Elementary School, Grades: PK-5

0.42mi

Kura Sushi

Sushi (Fast Food)

0.44mi

Fordee's

International Restaurant. Offers: Vegan, Vegetarian

0.11mi

Green Peapod

Chinese Restaurant. Offers: Vegetarian

0.11mi

Stella's Pizza

Pizzeria. Offers: Vegetarian

0.18mi

Cha Yen

Thai Restaurant. Offers: Vegan, Vegetarian

0.19mi

Emilio's Homemade Italian Subs and Dinners

Italian Restaurant

0.23mi

Joyful Garden

Chinese Restaurant

0.29mi

Celebrity Pizza and Dairy Bar

Pizza & Seafood & Ice Cream Restaurant

0.36mi

East End Fire Station

Fire Station

0.13mi

Mosesian Center for the Arts

Theatre

0.44mi

Artemis Yoga

Fitness Centre. Sports: Yoga

0.25mi

Aresenal Performance

Fitness Centre. Sports: Fitness, Athletics

0.41mi

GymIt

Fitness Centre

0.45mi

Watertown-Cambridge Greenway

Park

0.23mi

Watertown-Cambridge Greenway

Park

0.26mi

Filippello Park

Municipal Park

0.28mi

Watertown-Cambridge Greenway

Park

0.3mi

Sullivan Playground

Municipal Park

0.31mi

Watertown-Cambridge Greenway

Park

0.36mi

O'Connell Park

Municipal Park

0.37mi

Oakley Country Club

Golf Course

0.39mi

East Housing Project Playground

Playground

0.07mi

Coolidge Playground

Playground

0.33mi

East Library

Library

0.21mi

Praan Thai Massage

Massage

0.17mi

Exotic Nails and Spa

Nails, Waxing

0.18mi

Liz's Salon

Hairdresser

0.21mi

Hair Pluss

Hairdresser

0.29mi

Coolidge Square Self-Service Coin Laundry

Laundry

0.21mi

Whale-of-a-Wash

Laundry

0.23mi

Watertown Mutual

Gas Station

0.2mi

Target

Department Store

0.28mi

Victoria Spa

Convenience

0.18mi

CVS Pharmacy

Pharmacy

0.27mi

Massis Bakery

Supermarket

0.11mi

Arax Market

Supermarket

0.13mi

Sevan Bakery

Supermarket

0.16mi

Mt Auburn St @ Upland Rd

71

0.12mi

Mt Auburn St @ Adams St

71

0.13mi

Mt Auburn St @ Winsor Ave

71

0.21mi

Mt Auburn St @ Bigelow Ave

71

0.22mi

Mt Auburn St @ Kimball Rd

71

0.26mi

Mt Auburn St @ School St

71

0.26mi

Mt Auburn St @ Adams Ave

71

0.33mi

Mt Auburn St @ Winthrop St

71

0.36mi

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Seller's Representative: Zahra Zoglauer, Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS ID#: 73308908

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

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

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