Water Views
Address
23-25 Division Street, Chelsea, MA
Price
$ 1,395,000
Property Attributes
- MLS#73220764
- TypeMulti-Family
- CountySUFFOLK
- CityChelsea
- Zip02150
- Style5-9 Family
- Year Built1900
- Taxes$ 16545
- Price$ 1,395,000
- 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 |
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
Property vs Multi-Family Average in 02150
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
