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$9,950,000
Est. payment /mo
29,576 SqFt
UPDATED:
12/20/2024 03:13 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 29,576 sqft
Price per Sqft $336
MLS Listing ID 73294044
Year Built 1904
Annual Tax Amount $7,281
Tax Year 2024
Lot Size 0.680 Acres
Acres 0.68
Property 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 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.
Location
State MA
County Middlesex
Zoning DM
Direction E Central St to Church St, please use GPS
Interior
Fireplaces Number 18
Exterior
Exterior Feature Other
Roof Type Other
Garage No
Building
Lot Description Corner Lot, Other
Story 18
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Dreamega International Realty LLC
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