59-61 Division St

Chelsea

Overview

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Map

Map

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MLS #73213564 - Under Agreement
Multi-family - 5+ Family - 5+ Units Up/Down
59-61 Division St
Chelsea, MA : 02150
Suffolk County
Total Floors:
 
Total Units:
5 
Total Rent:
$ 
Grade School:
 
Middle School:
 
High School:
 
List Price:
$1,475,000 
 
 
 
 
Total Rooms:
 
Total Bedrooms:
12 
Total Bathrooms:
5f 1h 
Total Fireplaces:
 
Directions:
Park St to Division St 

Remarks

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!

Property Information

Approx. Living Area:
4,500 sqft 
Living Area Includes:
 
Living Area Source:
 
Living Area Disclosures:
 
Approx. Acres:
0.05 (2200 sq. ft.) 
Heat/Cool Zones:
/
Heat/Cool Units:
Forced Air, Natural Gas / Window Unit(s)
Garage Spaces:
0 
Parking Spaces:
0 
Approx. Street Frontage:
 
Disclosures:
Lead compliance for all units. Tenants pay on time, with rent proof available. Leases provided. Some rents below market value. Refer to attached documents under paperclip. Some of the pictures were virtually staged before tenancy. 

Annual Expenses

Heating:
$ 
Gas:
$ 
Electricity:
$ 
Water:
$ 
Management:
$ 
Miscellaneous:
$ 
Ann. Prop. Oper. Data:
 
Annual Expense Source:
 
Repair & Maintenance:
$ 
Trash Removal:
$ 
Sewer:
$ 
Insurance:
$ 
Gross Income:
$ 
Gross Expenses:
$ 
Net Income:
$ 

Unit Descriptions

Features

Area Amenities:
 
Basement:
 
Beach:
 
Exterior:
 
Exterior Features:
 
Foundation Size:
 
Foundation Description:
Concrete Perimeter 
Hot Water:
 
Lot Description:
Other 
Sewer Utilities:
 
Water Utilities:
 
Waterfront:
 

Other Property Info

Disclosure Declaration:
 
Exclusions:
 
Lead Paint:
 
UFFI:
 
Warranty Features:
 
Year Built:
1920 
Year Built Source:
Public Records 
Year Built Description:
Actual 
Year Round:
 
Short Sale w/Lndr.App.Req:
 
Lender Owned:
 

Tax Information

Pin #:
 
Assessed:
$1,008,800 
Tax:
$12,489 
Tax Year:
2023 
Book:
67885 
Page:
 
Cert:
 
Zoning Code:
BR 
Map:
 
Block:
 
Lot:
0.05 

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Content © 2024 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of of . MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

$1,475,000
Search Results
Status
Under Agreement
Price
$1,475,000 
Bedrooms
12 
Full Baths
5 
Half Baths
1 
Square Feet
4,500 
Parking
No.
Pets
Contact Us 
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CL Properties | 112 Union Wharf | Boston MA 02109 | Tel: 617.624.9700 | Fax: 617.624.9701 | Email: info@clproperties.com
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