REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,600,000
Est. payment /mo
Active
550-560 Washington Weymouth, MA 02188
1.7 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73333866
HOA Y/N false
Year Built 1956
Annual Tax Amount $15,556
Tax Year 2024
Lot Size 1.700 Acres
Acres 1.7
Property Description
Unique opportunity for the right investor. Property is positive cash flow and consists of a single-family house that can rent for approx. $2800/mo., an attached 1 bedroom 1 bath apartment approx. $1000 to $1,500/mo., a large backlot storage area occupied by a general contractor to store equipment at $1,500/mo., a separate 1 car garage that can rent for $150-$200/mo. and $6,000/mo. from an established restaurant that's been in business for 30 years. There is additional area to rent with the right investor. Estimated total monthly income is between $12,000 - $14,000/mo.The property is also approved for redevelopment for 28 units if you want to develop or just continue to operate as a landlord.
Location
State MA
County Norfolk
Zoning B1 CCOD-L
Direction Route 53 in Weymouth near the intersection with Rt 15, across from Auto Zone
Others
Senior Community false
Listed by Raymond Jennings lll