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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

    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!

    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