$1,600,000

550-560 Washington, Weymouth, MA 02188

Commercial Property
Built in 1956
1.7acre lot
—— car garage
$——/sqft
Listed 10 months ago

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.

Listing Status:: Active
Date Added:: February 10, 2025 at 06:00AM
Listing Office:: Raymond Jennings lll : 781-718-8449
Listing Agent:: Raymond Jennings III : 781-718-8449
MLS ID:: 73333866

Originating MLS: MLS Property Information Network
County: Norfolk

Zoning: B1 CCOD-L278056

Source: MLS Property Information Network

This listing courtesy of Raymond Jennings III, Raymond Jennings lll

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Frederick C Murphy

417 Front St, Weymouth, MA, 02188

Grades KG-5

0.35 miles away

Abigail Adams Middle School

89 Middle St, East Weymouth, MA, 02189

Grades 6-7

1.26 miles away

Weymouth High School

1 Wildcat Way, South Weymouth, MA, 02190

Grades 8-12

1.72 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.