Discover an exceptional investment in Chelsea's vibrant lower Broadway area – a rare 5-family opportunity! Each unit boasts lead compliance for easy renting, and is currently occupied by reliable, rent-paying tenants. Enjoy positive cash flow with potential for even greater returns. Bonus income from coin-operated laundry. Many units have undergone renovations, featuring fresh paint, tiled bathrooms, new stainless steel appliances, stunning hardwood floors, and granite countertops in kitchens. Offering a mix of two, three, four, and one-bedroom units, all with separate utilities. Updated forced air gas heating installed in 2012 ensures efficient operation. This property promises both immediate income and long-term value. Don't miss out – seize this lucrative investment today!
Sold for $1,450,000 on 05/15/24
$1,450,000
59-61 Division Street, Chelsea, MA 02150
12beds
4,500sqft
5+ Family - 5+ Units Up/Down
Built in 1920
-- sqft lot
$1,483,000 Zestimate®
$322/sqft
$3,633 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 15, 2024 at 12:06pm
Listed by:
BLINK Estates Group,
eXp Realty,
Sabrina Stern
Bought with:
TEAM BRUSIL
Keller Williams Realty Boston-Metro | Back Bay
Source: MLS PIN,MLS#: 73213564
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: Electric Dryer Hookup
Features
- Lead Certification Available, Living Room, Kitchen
- Flooring: Wood
- Windows: Insulated Windows, Storm Window(s)
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
Property
Features
- Waterfront features: Beach Front, 1 to 2 Mile To Beach
Lot
- Size: 2,200 sqft
- Features: Other
Details
- Zoning: BR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Oven, for Electric Dryer
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Marina
Location
- Region: Chelsea
HOA & financial
Other financial information
- Total actual rent: 11600
Services availability
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Estimated market value
$1,483,000