116-118 Cottage St Chelsea MA 02150 MLS #73308315

116-118 Cottage St
Chelsea, MA, 02150
$1,550,000
14 Beds
4 Baths
5,336 SqFt
0.14 Acres
$1,550,000
116-118 Cottage St
Chelsea, MA, 02150
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 Details

Price:
$1,550,000
MLS #:
73308315
Status:
Pending
Beds:
14
Baths:
4
Address:
116-118 Cottage St
Type:
Multi Family
Subtype:
4 Family – 4 Units Side by Side
City:
Chelsea
Listed Date:
Oct 31, 2024
State:
MA
Finished Sq Ft:
5,336
Total Sq Ft:
5,336
ZIP:
02150
Lot Size:
6,000 sqft / 0.14 acres (approx)
Year Built:
1920
Units:
4

Schools

Interior

Appliances
Range, Microwave, Refrigerator, Dishwasher, Range Hood, E N E R G Y S T A R Qualified Refrigerator, E N E R G Y S T A R Qualified Dishwasher
Bathrooms
4 Full Bathrooms
Cooling
None
Flooring
Vinyl, Carpet, Laminate, Wood, Parquet
Heating
Baseboard, Natural Gas, Hot Water, Oil, Individual
Laundry Features
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, Highway Access, Public School
Construction Materials
Frame
Parking Features
Shared Driveway, Off Street
Parking Spots
2
Roof
Other

Financial

Net Operating Income
$32,400
Tax Year
2024
Taxes
$13,566
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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116-118 Cottage St
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