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

116-118 Cottage St Chelsea, MA 02150

4 Days on Boston Pads
12 Photos
$1,550,000
4 Unit
14 Beds
4 Baths
5336 SQFT
0.14 Acre
116-118 Cottage St
Chelsea, MA 02150

Property Description

ATTENTION INVESTORS: Massive 4 Family w/a 2 Car Detached Garage and 5336 sf of living space, offering enormous potential for increased revenue! Living area is comparable to a 5-6 fam. This well maintained home has had the same owners for 27 years and shows pride of ownership. Units have been updated thru the years including K & B's, along w/exterior & interior improvements. (3) boilers updated, newer H20 tanks, 2nd fl units have CB sub panels, lg walkout basement, add'l 2 car tandem pkg spaces and composite deck in the rear. (2) units delivered vacant & Owners unit once housing is obtained. see attached proforma for market rents & income potential. Separate Utilities, Layouts: #118 & 116-#2 are 4 Br's, 1 BA, Living rm, dining area, Fin EP, Units 118 & 116# 1 are 3 Br's, 1 BA, Living rm, dining area, EP's. Just a short walk to public transportation- Bus:112, Silver line & Commuter Rail. Easy access to Logan, 1A, Rte 16, Downtown Boston and more

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 14
  • Total Full Baths: 4
  • Amenities: Highway Access, Park, Public School, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Pantry
  • Common Appliances: Dishwasher, Dishwasher - ENERGY STAR, Microwave, Range, Refrigerator, Refrigerator - ENERGY STAR, Vent Hood, Washer & Dryer Hookup, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Electric Baseboard, Extra Flue, Gas, Gas, Geothermal Heat Source, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators, Individual, Oil, Oil, Radiant
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 32400
  • Net Operating Income: 32400

Utilities

  • Heat Zones: 4
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 4 Family - 4 Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Concrete Block
  • Roof Material: Other (See Remarks)
  • Flooring Type: Laminate, Parquet, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73308315
  • Last Updated: 11/04/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/04/2024Active$1,550,000$290MLSPIN
10/31/2024New$1,550,000$290MLSPIN

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Map & Resources

Phoenix Academy Charter Public High School, Chelsea

Charter School, Grades: 9-12

0.39mi

Phoenix Charter Academy

Charter School, Grades: 9-12

0.39mi

St. Rose Elementary School

Private School, Grades: PK-8

0.41mi

Shurtleff Early Childhood School

Public Elementary School, Grades: PK-1

0.44mi

Clark Avenue School

Public Middle School, Grades: 5-8

0.46mi

McDonald's

Burger (Fast Food)

0.43mi

Burrito's Pizza & Grill

Pizzeria

0.44mi

Chelsea Fire Department

Fire Station

0.42mi

Port Park Ampitheatre

Theatre

0.37mi

Bellingham Hill Park

Municipal Park

0.11mi

Highland Park

Municipal Park

0.14mi

Box District Park

Park

0.23mi

Bellingham Square Historic District

Park

0.24mi

Bosson Park

Municipal Park

0.3mi

Port Park

Park

0.36mi

Quigley Park

Municipal Park

0.45mi

Box District Playground

Playground

0.23mi

Mace Tot Lot

Playground

0.36mi

Chelsea Public Library

Library

0.35mi

Central Ave @ Willow St

112

0.1mi

Central Ave @ Willow St

112

0.11mi

Central Ave @ Highland St

112

0.16mi

Central Ave @ Highland Ave

112

0.18mi

Central Ave @ Chelsea Garage

112

0.18mi

245 Central Ave

112

0.19mi

Eastern Avenue

SL3

0.19mi

Central Ave @ Lynn St

112

0.25mi

Seller's Representative: Lisa Leonard, Century 21 Mario Real Estate
MLS ID#: 73308315

© 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 2024-11-04 11:05:00

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