Property Attributes
- MLS#73220764
- TypeMulti-Family
- CountySUFFOLK
- CityChelsea
- Zip02150
- Style5-9 Family
- Year Built1900
- Taxes$ 16545
- Price$ 1,350,000
- Bedrooms7
- Full Bathrooms4
- Half Bathrooms2
- Sqr Footage4060
- Lot Size2,178 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
TWO BUILDINGS FOR THE PRICE OF ONE! Seriously, if you are looking for a great investment with value add potential, this is it. 2 attached buildings on 2 separate parcels comprising 4 residential units + 1 commercial unit. 23 Division/9-11 Williams is a 2 story building w/a 2 bed/1 bath residential unit and a commercial space which is leased to a popular Tavern. 25 Division Street is a 3 story brick rowhouse containing (3) 2 bedroom apartments. All residential units are on fixed term leases, with most having renewed to 8/31/25! The Tavern is a long standing tenant with a lease to 2028. Anticipated income is $149K with net income of over $108K. The location is at the gateway from East Boston to Chelsea, and is prime for FUTURE DEVELOPMENT/expansion with POTENTIAL WATER VIEWS FROM THE PROPERTY. In a sea of overpriced listings, THIS IS A DEAL. Pro-forma Available.
Price History | |
---|---|
4/5/2024 | Listed $1,395,000 |
5/1/2024 | 4% - $1,350,000 |
General Features
Interior Features | Kitchen,Living RM/Dining RM Combo |
---|---|
Sewer | Public Sewer |
Utilities | for Electric Range |
Zoning | W |
Year Built | 1900 |
Property SubType | 5-9 Family |
Tax Year | 2023 |
Gross Income | 149181 |
Community Features | Public Transportation,Shopping,Park,Medical Facility,Laundromat,Highway Access,Private School,Public School,T-Station |
County | Suffolk |
Net Operating Income | 108503 |
Operating Expense | 40678 |
Property Type | Residential Income |
Garage Y/N | No |
Total Rooms | 17 |
Status | Active |
Directions | Corner of Williams Street and Division Street |
City | Chelsea |
Disclosures | Sale includes 23 Division Street/9-11 Williams Street (building w/1 residential + 1 commercial) and 25 Division Street (building w/3 residential). A total of 4 residential + 1 commercial. Data show |
Senior Community Y/N | No |
Total Units | 5 |
Lot Size Square Feet | 2033 |
Waterfront Y/N | No |
Street Name | Division Street |
Year Built Details | Approximate |
Tax Annual Amount | 16545.56 |
Home Warranty Y/N | No |
Building Area Units | Square Feet |
Standard Status | Active |
Year Built Source | Public Records |
Tax Assessed Value | 1016900 |
Total Actual Rent | 11641 |
Compensation Based On | Net Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Flooring | Hardwood |
---|---|
Total Stories | 8 |
Window Features | Insulated Windows |
Fireplace Y/N | No |
Full Baths | 4 |
Half Baths | 2 |
Total Bedrooms | 7 |
Total Baths | 6 |
Exterior Features
Lot Features | Corner Lot |
---|---|
Water Source | Public |
Lot Size Area | 0.05 |
Foundation Details | Brick/Mortar |
Spa | No |
Building Area Total | 4060 |
Lot Size Acres | 0.05 |
Lot Size Units | Acres |
Road Frontage Type | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool