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$2,885,000
Total Beds: 28 Total Baths: 10
Total Units: 10 SQFT: 11524
LOT size: 0.22 Acres
1 Chestnut & Cottage Portfolio
Chelsea, MA 02150
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This Property is No Longer Available

Property Description

The Chestnut and Cottage Street Portfolio consists of three multi-family properties with ten total units that can be purchased as a portfolio or purchased individually. 237 and 239 Chestnut Street are two separately-parceled halves of one multi-family building, each comprised of three 3-Bedroom/1-Bathroom units for a total of six units. 132-134 Cottage Street is a four unit multi-family building comprised of two 2-Bedroom/1-Bathroom units and two 3-Bedroom/1-Bathroom units. The opportunity exists to drive rental rates through programmatic upgrades and renovations to the kitchens and bathrooms in all of the units in 239 Chestnut Street and 132-134 Cottage Street and improve unit conditions strategically in 237 Chestnut Street, allowing the incoming owner to maximize rents in a supply constrained market.

Property Details

Building Information

  • Total Units: 10
  • Total Floors: 3
  • Total Bedrooms: 28
  • Total Full Baths: 10
  • Amenities: Highway Access, Other (See Remarks), Park, Public Transportation, Shopping, T-Station
  • Basement Features: Unfinished Basement
  • Common Rooms: Laundry
  • Common Appliances: Dryer, Washer

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 257791
  • Gross Expenses: 80774
  • Net Operating Income: 177017

Utilities

  • Hot Water: Natural Gas
  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5+ Family - 5+ Units Side by Side
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber, Tar & Gravel
  • Lead Paint: Certified Treated, Unknown

Other Information

  • MLS ID# 73082150
  • Last Updated: 03/15/23

Mortgage Calculator

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Map

Seller's Representative: Dennis Kelleher, Horvath & Tremblay
Sub Agent Compensation: 0
Buyer Agent Compensation: 2.5
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: Yes

© 2023 MLS Property Information Network, Inc.. All rights reserved.

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 may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2023-03-15 12:03:00

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