59-61 Division St Chelsea MA 02150 MLS #73213564

59-61 Division St
Chelsea, MA, 02150
$1,475,000
12 Beds
5 Baths
4,500 SqFt
0.05 Acres
$1,475,000
59-61 Division St
Chelsea, MA, 02150
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 Details

Price:
$1,475,000
MLS #:
73213564
Status:
Pending
Beds:
12
Baths:
5
Address:
59-61 Division St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Chelsea
Listed Date:
Mar 18, 2024
State:
MA
Finished Sq Ft:
4,500
ZIP:
02150
Lot Size:
2,200 sqft / 0.05 acres (approx)
Year Built:
1920

Schools

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator
Bathrooms
5 Full Bathrooms, 1 Half Bathroom
Cooling
Window Unit(s)
Flooring
Wood
Heating
Forced Air, Natural Gas
Laundry Features
Electric Dryer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, Marina
Construction Materials
Frame
Roof
Shingle

Financial

Buyer Agent Compensation
2%
Net Operating Income
$131,784
Tax Year
2023
Taxes
$12,489
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing
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…

More About Marie

Mortgage Calculator

 

Map

Similar Listings Nearby

Courtesy of eXp Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Rover IDX
59-61 Division St
Chelsea, MA