107-109 Nichols Ave, Watertown MA 02472 – 0 bed 0 bath For Sale – 73308908
Overview
- Updated On:
- April 4, 2025
-
- 73308908
- 0 Bedrooms
- 0 Bathrooms
- 0 Garage Spaces
- 6 Non-Garage Parking Spaces
- 1921
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
This property is listed by Zahra Zoglauer from Berkshire Hathaway HomeServices Commonwealth Real Estate
Property Listing Details
Overview
| MLS Status | Closed |
|---|---|
| Price | $ 2,375,000 |
| Living Area | 5,445.00 ft2 |
| Bedrooms | 0 |
| Total Rooms | 16 |
|---|---|
| Listing MLS ID | 73308908 |
| Days on Market | 115 |
| Bathrooms | 0 |
Unit Information
| Bedrooms | 0 |
|---|---|
| Full Bathrooms | 0 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 6 |
| Garage Parking | 0 |
| Water View | No |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Walk-Out Access |
| Patio And Porch Features | |
| Parking Features | Paved Drive,Driveway |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 6 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 1921 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Walk-Out Access |
| Roof |
Additional Details
| Community Features | |
|---|---|
| Disclosures | |
| Last Updated | 2025-04-04T20:29:00.000Z |
| Building Area Source | Other |
| MLS PIN Page | |
| Parcel Number | |
| Original List Price | 2375000 |
| Listing Office | berkshire hathaway homeservices commonwealth real estate |
| Tax Annual Amount | 23.01 |
|---|---|
| Tax Assessed Value | 1219300 |
| Tax Book Number | 0017 |
| Tax Year | 2024 |
| Year Built Details | Actual |
| Year Built Source | Public Records |
| Zoning | NB |
| Listing Agent | zahra zoglauer |
Amenities and Features
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107-109 Nichols Ave, Watertown MA 02472 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
107-109 Nichols Ave, Watertown MA 02472 – 0 bed 0 bath For Sale – 73308908
$ 2,375,000
Status: Closed
107-109 Nichols Ave, Watertown MA 02472, Watertown, , Middlesex 02472
Country: US
Property Overview
MLS #: 73308908
Type: 5+ Family - 5+ Units Side by Side /
Action: Residential Income
Year Built: 1921 (Actual, Source: Public Records, Effective: )
Living Area: 5,445.00 ft2 (Total: 5445 Square Feet, Source: Other)
Lot Size: 2.30 ft2 (Area: 2.3 Acres, SqFt: 99999)
Total Rooms: 16
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 0 (Main Level: )
Bathrooms: Total: 0 (Full: 0, Half: 0, Decimal: 0, Main Level: )
Basement: Walk-Out Access
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Concrete Perimeter (Area: )
Roof:
Stories: 4 (4)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: (Expense: )
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 6
Parking Features: Paved Drive,Driveway
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Corner Lot
View: (, Waterview Y/N: No)
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features:
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: NB ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
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
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 6
Units Owner Occupied:
Unit 1: Beds: 3, Full Baths: 2, Half Baths: 0, Levels: 1, Rent: 3100, Lease: Y
Unit 2: Beds: 3, Full Baths: 2, Half Baths: 0, Levels: 1, Rent: 3100, Lease: Y
Unit 3: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Unit 4: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 23.01 (Year: 2024)
Tax Assessed Value: 1219300
Tax Block/Lot/Book/Map: / / 0017 /
Parcel Number:
Special Licenses:
Current Financing: Other
Gross Income: 166800 (Scheduled: )
Net Operating Income: 130641
Operating Expense: 36159 (Water/Sewer: 8300, Insurance: 6645)
Financial Data Source:
APOD Available: Yes
Tenant Pays:
Rent Includes:
Total Actual Rent: 6200
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Zahra Zoglauer (MLS ID: CN200502) / Team:
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate (MLS ID: AN4878)
Agent (Property): 57
Buyer Agent MLS ID: cn200502
Buyer Office MLS ID: an4878
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-11-01
Expiration Date: 1900-01-01
Original List Price: 2375000
Price Per SqFt (List): 436.18
Market Time (Property): 115 (Broker: 115, Prev Broker: 0, Prev Property: 0)
MLS Status: Sold
Possession:
Directions: corner of the Dexter and Nichols Ave
Disclosures: , N
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: Include Residential, Commercial (Incl. Base: No, Other: )
Master Book/Page: / (Page: 00)
Sale Information (if applicable)
Close Date: 2025-04-04
Close Price: 2030000
Price Per SqFt (Sold): 372.82
Anticipated Sold Date: 2025-04-07T04:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2025-02-24
Sold vs Rent:
System Information
Property ID: 1702802
Modification Timestamp: 2025-04-04T20:29:00.000Z
Bridge Modification Timestamp: 2025-04-04T20:32:37.111Z
Original Entry Timestamp: 2024-11-01T22:08:00.000Z
Status Change Timestamp: 2025-04-04T20:29:00.000Z
Off Market Date: 2025-02-24
Development Status:
Business Type:
