23-25 Division Street Chelsea MA 02150 MLS #73220764

23-25 Division Street
Chelsea, MA, 02150
$1,350,000
7 Beds
5 Baths
4,060 SqFt
0.05 Acres
$1,350,000
23-25 Division Street
Chelsea, MA, 02150
TWO BUILDINGS FOR THE PRICE OF ONE! Seriously, if you are looking for a great investment with value add potential, this is it. 2 attached buildings on 2 separate parcels comprising 4 residential units + 1 commercial unit. 23 Division/9-11 Williams is a 2 story building w/a 2 bed/1 bath residential unit and a commercial space which is leased to a popular Tavern. 25 Division Street is a 3 story brick rowhouse containing (3) 2 bedroom apartments. All residential units are on fixed term leases, with most having renewed to 8/31/25! The Tavern is a long standing tenant with a lease to 2028. Anticipated income is $149K with net income of over $108K. The location is at the gateway from East Boston to Chelsea, and is prime for FUTURE DEVELOPMENT/expansion with POTENTIAL WATER VIEWS FROM THE PROPERTY. In a sea of overpriced listings, THIS IS A DEAL. Pro-forma Available.

Property Details

Price:
$1,350,000
MLS #:
73220764
Status:
Active
Beds:
7
Baths:
5
Address:
23-25 Division Street
Type:
Multi Family
Subtype:
5-9 Family
City:
Chelsea
Listed Date:
Apr 5, 2024
State:
MA
Finished Sq Ft:
4,060
ZIP:
02150
Lot Size:
2,033 sqft / 0.05 acres (approx)
Year Built:
1900

Schools

Interior

Bathrooms
4 Full Bathrooms, 2 Half Bathrooms
Flooring
Hardwood

Exterior

Community Features
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T- Station

Financial

Buyer Agent Compensation
2.0%
Net Operating Income
$108,503
Tax Year
2023
Taxes
$16,546
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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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23-25 Division Street
Chelsea, MA