550-560 Washington, Weymouth, MA

$1,600,000

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1.70

Acres

About 550-560 Washington

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.

Features of 550-560 Washington

MLS® # 73333866
Price $1,600,000
Acres 1.70
Year Built 1956
Type Commercial Sale
Status Active

Community Information

Address 550-560 Washington
City Weymouth
County Norfolk
State MA
Zip Code 02188

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Zoning B1 CCOD-L

Listing Details

Agent Raymond Jennings Iii
Office Raymond Jennings lll

Listing Map

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