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154 E Central St
Natick, MA 01760 Metro West

$360,400 - $384,000

Medical Condos For Sale  •  1,480+ Sq Ft

Property Details

  • Property Type Medical
  • Total Building Size 22,000 Sq Ft
  • Lot Size 1.1 ac
  • Building Class B
  • Year Built 1987
  • Cap Rate 11.00 %
  • Tenancy Multiple
  • Zoning COMM
19 Transit Score
37 Walk Score

2 Units Available

Name Condo Use Size Price Details
2nd Floor - Unit 204 Medical Office 1,480 SF $360,400
  • Unit Size: 1,480 SF
  • Condo Use: Medical Office
  • Price: $360,400
  • Sale Type: Investment or Owner User
  • Price/SF: $243.51
Description
Decent ceiling height, has one sink, plenty of windows for daylight.  Brick building with elevator.

Sale Notes
May lease with option to purchase. Terms to be negotiated.

2nd Floor - Unit 203 Office 1,550 SF $384,000
  • Unit Size: 1,550 SF
  • Condo Use: Office
  • Price: $384,000
  • Sale Type: Investment
  • Price/SF: $247.74
Sale Notes
Taxes: Annual $4,176
Gross Income: $43,800 annually
Price: $384,000
For INVESTOR (no vacant unit till the fall of 2019)

Attachments

Description

The 2 Office condos are in one wing on the 2nd floor.  Unit 203 has 3 suites with 3 businesses.  Unit 204 Has 4 units with 4 businesses.  Both are now fully leased.  Brick faced masonry,  3 floors, hardwood floors, decent ceiling height, windows for day light, spacious, open space, elevator building, parking, well managed by builder.   Rent Roll and numbers will be emailed to buyers upon request.

Note:  After these 2 are sold the Condo Association will be complete.  Every condo owner will be responsible for their own taxes and their condo fees.  Common utilities are included in the condo fee except for Unit Electric, cable, etc.

Very well maintained.

Highlights

CAP RATES ARE NOW 8% (Unit 203) AND 9.6% (Unit 204) - just now fully leased!!!
Excellent rental history
Pylon for visibility
Very close to the Wellesley Line and Wellesley Center, close to Babson College and Wellesley College, Mass Bay Community College and Framingham State

Financial Summary

Cap Rate: 11.00 %
Total Expenses: $10,449

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Central Heating
  • Natural Light
  • Partitioned Offices
  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
Natick Commuter Rail (Framingham/Worcester Line) 3 min 18 min 0.9 mi
Wellesley Square Commuter Rail (Framingham/Worcester Line) 6 min - 2.4 mi
AirportDriveWalkDistance
Logan International Airport 34 min - 20.1 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Angela Eleazar 617-969-4989 Berkshire Hathaway HomeServices Prime Properties
Angela Eleazar 617-969-4989 Berkshire Hathaway HomeServices Prime Properties