4-8 Church St Natick, MA
$9,950,000
Square Feet 29,576
Acres 0.68
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.
Listed by Dreamega International Realty LLC, Dream Team
Details
MLS 73294044
Status Active
Price $9,950,000
DOM 82 days
Type Multi-Family
Square Feet 29,576 sqft
Lot Size 0.68 acres
Year Built 1904
Lot & Building Features
Construction See Remarks
Sewer Public Sewer
Tax Year 2024
Taxes Paid $7,281
Water Public
Foundation Other
Exterior Features Other
Roof Other
Parking Other
Total Rooms 18
Garage Spaces 0
Fireplaces 18
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.