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$2,349,000
Total Beds: 7 Total Baths: 9
Total Units: 5 SQFT: 3700
LOT size: 0.03 Acres
135 Chelsea St
Boston, MA 02128
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Property Description

Stabilized and turnkey 5-unit mixed-use building on Chelsea Street in burgeoning East Boston. This property underwent a rehab and expansion in 2021 as part of a comprehensive construction program. 135 Chelsea presents a rare opportunity for a buy-and-hold investor seeking immediate stability and cash flow. The ground-level retail space is leased to a salon via a triple-net lease through 2026 and incorporates a 3% annual rent escalation clause to ensure alignment with market rates throughout the lease term. The four residential units, all leased through August 2024, boast modern amenities such as stainless steel appliances, in-unit laundry, central HVAC, granite countertops, custom tile showers, and much more. With its convenient proximity to various shops, parks, Airport T-Stop, Maverick Square, and the Sumner Tunnel, this property offers a versatile and attractive location for current and future tenants alike. OPEN HOUSE: TUESDAY 11/21 from 12-2pm.

Property Details

Building Information

  • Total Units: 5
  • Total Floors: 10
  • Total Bedrooms: 7
  • Total Full Baths: 8
  • Total Half Baths: 1
  • Amenities: Highway Access, Laundromat, Park, Public Transportation, Shopping, T-Station
  • Common Rooms: Other (See Remarks)

Financial

  • APOD Available: Yes
  • Gross Operating Income: 158100
  • Gross Expenses: 14590
  • Net Operating Income: 143510

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Other Rooms: Other (See Remarks)
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

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

Construction

  • Year Built: 2021
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Poured Concrete
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73180647
  • Last Updated: 11/19/23

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Map

Seller's Representative: Michael Sellers, Odessit Capital
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 1
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

© 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 2023-11-19 03:06:00

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