$9,950,000
29,576
Living Area
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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.
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Highlights
- Property Class: Residential Income
- Total Rooms: 18
- Status: Active
- Property Type: Duplex
- Year Built: 1904
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Additional Details
- Construction: See Remarks
- Fireplaces: 18
- Lot Features: Corner Lot, Other
- Total Number of Units: 28
- Year Built Source: Owner
- Exterior Features: Other
- Foundation: Other
- Roof: Other
- Year Built Details: Approximate
- Zoning: Dm
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Amenities
- Parking Features: Other
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Utilities
- Electric: Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $593,900
- Taxes: $7,281
- Tax Year: 2024
- Total Rent: $18
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Listing information provided courtesy of Dreamega International Realty LLC.
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