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You are here:
Home Massachusetts Chelsea Multi-Family Homes for Sale

23-25 Division Street Chelsea, MA 02150

25 Days on Boston Pads
15 Photos
$1,395,000
5 Unit
7 Beds
6 Baths
4060 SQFT
0.05 Acre
23-25 Division Street
Chelsea, MA 02150

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.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 8
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Total Half Baths: 2
  • Amenities: Highway Access, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station
  • Common Rooms: Kitchen, Living RM/Dining RM Combo

Financial

  • APOD Available: Yes
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 149181
  • Gross Expenses: 40678
  • Net Operating Income: 108503

Utilities

  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Range
  • 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: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Brick
  • Flooring Type: Hardwood
  • Lead Paint: Certified Treated, Unknown
  • Warranty: No

Other Information

  • MLS ID# 73220764
  • Last Updated: 04/18/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/09/2024Active$1,395,000$344MLSPIN
04/05/2024New$1,395,000$344MLSPIN

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Seller's Representative: The Residential Group, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 2.0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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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 2024-04-18 17:54:00

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