4-8 Church St, Natick, MA, 01760
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.
Status:
Active
Type:
Lot / Acreage
Zoning:
0
Acreage:
0.68
Lot Description:
Other
Amenities:
Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station
MLS #:
73294045
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Listing courtesy of Dream Team, Dreamega International Realty LLC Phone: 617-655-9357