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4-8 Church St, Natick MA 01760 – 0 bed 0 bath For Sale – 73294044

$ 9,950,000
4-8 Church St, Natick MA 01760,
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Overview

  • Updated On:
  • December 20, 2024
  • listingid
  • 73294044
  • 0 Bedrooms
  • 0 Bathrooms
  • 0 Garage Spaces
  • 0 Total Parking
  • 1904
  • HOA Fee

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.

Property Details

Property Id: 672317
Price: $ 9,950,000
Property Size: 29,576.00 ft2
Property Lot Size: 0.68 ft2
Rooms: 18
Disclosures: Y
Last Updated: 2024-12-20T03:14:22.445Z
Building Area Source: Owner
Building Area Total: 29576
Building Area Units: Square Feet
Construction Materials: See Remarks
Directions: E Central St to Church St, please use GPS
Disclosures: +/- 29576 SQUARE FOOT BUILDINGS SITTING ON A 0.68 ACRE LOT,RIGHT NEXT TO NATICK CITY TOWN HALL
Electric: Other (See Remarks)
Expiration Date: 1900-01-01
Number of Fireplaces: 18
Foundation Details: Other
Gross Income: 216
List Agent MlsId: TM336555
List Office MlsId: AN8022
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-09-24
Listing ID: 73294044
Lot Features: Corner Lot,Other
Lot Size: 0.68
Lot Size SqFt: 29620
Lot Size Units: Acres
Date Available: No
Bedroom 1: 9
Bedroom 2: 9
Bath 1: 9
Bath 2: 9
Hot Water: Other (See Remarks)
Unit 1 Baths: 9
Unit 2 Baths: 9
Lead Paint: Unknown
Lease 1: N
Lease 2: N
Unit 1 Living Levels: 9
Unit 2 Living Levels: 9
Listing Alert: No
Price Per SqFt: 336.42
Days in Market: 86
Total Days on Market: 86
Price Per SqFt: 336.42
Unit 1 Rent: 9
Unit 2 Rent: 9
Living Area Disclosure: 0.68 Acre Lot, 5 Parcels, 7 Buildings, 28 Units
Living Area Includes Basement: No
Team Member: CN215569
Water View: No
MLS Status: Active
Last Updated: 2024-12-20T03:13:00.000Z
Net Operating Income: 216
Number Of Units: 28
Original List Date: 2024-09-24T15:52:00.000Z
Original List Price: 9950000
Parcel Number: M:00000044 P:00000142
Parking Features: Other
Roof: Other
Sewer: Public Sewer
State: MA
Status Change Time: 2024-09-24T15:52:00.000Z
Total Stories: 18
Tax Annua lAmount: 7281
Tax Assessed Value: 593900
Tax Year: 2024
Total Actual Rent: 18
Water Source: Public
Year Built: 1904
Year Built Details: Approximate
Year Built Source: Owner
Zoning: DM

Payment Calculator

$ 57,010.89
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 47,724.22

Amenities and Features

Other Features
Has Fireplace
Other

Property Address

Address: 4-8 Church St, Natick MA 01760
City:
State/County:
Zip: 01760
Country: United States
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4-8 Church St, Natick MA 01760 | © 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.

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4-8 Church St, Natick MA 01760 – 0 bed 0 bath For Sale – 73294044

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