Active
4-8 Church St
Natick MA, 01760
$9,950,000
$336.42 per sqft
Active
29,576 sqft
Multi-family
Built in 1904
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.
73294044
MLSⓇ ID
September 24, 2024
Listed
November 1, 2024
Updated
Map
4-8 Church St
Natick MA, 01760
Interior Features
Total Stories
18
Fireplace
Yes
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.68 Acres
Exterior Features
Other
Lot Features
Corner Lot, Other
Roof
Other
Sewer
Public Sewer
Other Property Details
Taxes
$7,281
Tax Frequency
Annually
Days on Market
38
Garage
No
Parking
Other
Parking Total
0
View
No
County
Middlesex
Water Source
Public
Pool
No
Zoning
DM
Courtesy of Dream Team, Dreamega International Realty LLC
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Data last updated 10:41 PM UTC, 11/1/2024
