Unit Information
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.
- Additional Details
- Status: ACT
- Type: Multi-Family, Duplex
- Zip Code: 01760
- Living Levels: 18
- Parking
- Parking: Other
- Rooms and Dimensions
- Total Units: 28
- Total Floors: 18
- Total Rooms: 18
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$9,950,000
- Listing ID: 73294044
- Living Area: 29,576 sqft Convert
- Lot Size: 29,620 sqft Convert
- Acres: 0.68
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |