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

23 Division St Chelsea, MA 02150

4 Days on Boston Pads
16 Photos
$650,000
2 Unit
2 Beds
3 Baths
1660 SQFT
0.02 Acre
23 Division St
Chelsea, MA 02150

Property Description

23 Division Street is a two unit mixed-use building comprised of one commercial unit on the first floor leased to El Carriel Bar, and one 2-Bedroom/1-Bathroom unit with 1,660 square feet of living area on a 0.02-acre corner parcel. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer and the commercial unit reimburses 66.67% of this expense. The building has been well maintained during ownership. El Carriel has been at this location since 2018 and just exercised a 5-year renewal option, demonstrating their commitment to the site and the market. Their lease calls for attractive annual increases in rent, protecting against rising operating expenses and providing a hedge against inflation.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 2
  • Total Full Baths: 1
  • Total Half Baths: 2

Financial

  • APOD Available: Yes
  • Gross Operating Income: 79282
  • Gross Expenses: 31332
  • Net Operating Income: 47950

Utilities

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

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

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

Construction

  • Year Built: 1900
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73287386
  • Last Updated: 09/13/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/13/2024Active$650,000$392MLSPIN
09/09/2024New$650,000$392MLSPIN
01/17/2023Canceled$1,325,000$326MLSPIN
01/14/2023Active$1,325,000$326MLSPIN
01/10/2023Price Change$1,325,000$326MLSPIN
10/10/2022Active$1,350,000$333MLSPIN
10/06/2022New$1,350,000$333MLSPIN
09/25/2022Expired$1,350,000$333MLSPIN
09/23/2022Active$1,350,000$333MLSPIN
09/19/2022Price Change$1,350,000$333MLSPIN
06/28/2022Active$1,360,000$335MLSPIN
06/24/2022New$1,360,000$335MLSPIN

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View Breakdown

Map & Resources

Shurtleff Early Childhood School

Public Elementary School, Grades: PK-1

0.21mi

Phoenix Academy Charter Public High School, Chelsea

Charter School, Grades: 9-12

0.4mi

Phoenix Charter Academy

Charter School, Grades: 9-12

0.4mi

Eugene Wright Science and Technology Academy

Public Middle School, Grades: 5-8

0.41mi

Eugene Wright Science and Technology Academy

School

0.41mi

Joseph A. Browne School

Public Middle School, Grades: 5-8

0.41mi

Joseph A. Brown Middle School

Grades: 7-9

0.42mi

Polish Political Club

Bar

0.23mi

Dunkin'

Donut & Coffee Shop

0.11mi

McDonald's

Burger (Fast Food)

0.4mi

Five Guys

Burger (Fast Food)

0.44mi

Ciao Pizza and Pasta

Pizza & Pasta Restaurant

0.12mi

Mi Salvador y Mexicano

Latin American Restaurant

0.14mi

The Pasta Box

Italian Restaurant

0.14mi

Chelsea Station

American Restaurant

0.43mi

Chelsea Fire Department

Fire Station

0.52mi

Chelsea Police Dept

Local Police

0.07mi

Apollinaire Theatre

Theatre

0.13mi

Port Park Ampitheatre

Theatre

0.36mi

Winnisimmet Park

Municipal Park

0.09mi

Chelsea Square Historic District

Park

0.12mi

Polonia Park

Municipal Park

0.13mi

Quigley Park

Municipal Park

0.13mi

Downtown Chelsea Residential Historic District

Park

0.13mi

Mystic River Overlook Park

Park

0.24mi

O"Neil Park

Municipal Park

0.24mi

Port Park

Park

0.32mi

Greg’s Gas And Diesel

Gas Station

0.09mi

Mobil

Gas Station

0.37mi

7-Eleven

Convenience

0.1mi

Park Street Mini Mart

Convenience

0.13mi

Mobil Mart

Convenience

0.37mi

Tesorito Market

Convenience

0.39mi

Pearl St @ Williams St

114
116
117

0.02mi

Pearl St @ Marginal St

114
116
117

0.03mi

Park St @ Williams St

111

0.1mi

Pearl St @ Essex St

114
116
117

0.11mi

Pearl St opp Essex St

114
116
117

0.12mi

Park St @ Cross St

111

0.12mi

Broadway opp Cross St

112
114
116
117

0.17mi

Beacon St @ Broadway

111

0.17mi

Seller's Representative: Dennis Kelleher, Horvath & Tremblay
MLS ID#: 73287386

© 2024 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 2024-09-13 03:05:00

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