9-11 & 25 Williams & Division St Chelsea MA 02150 MLS #73303605

9-11 & 25 Williams & Division St
Chelsea, MA, 02150
$1,350,000
8 Beds
5 Baths
3,435 SqFt
0.05 Acres
$1,350,000
9-11 & 25 Williams & Division St
Chelsea, MA, 02150
9-11 Williams Street & 25 Division Street is a five unit mixed-use building comprised of one commercial unit on the first floor leased to El Carriel Bar, and four 2-Bedroom/1-Bathroom units. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer and the commercial unit reimburses 66.67% of this expense (from 9-11 Williams and 23 Division only). The building has been well maintained during ownership. El Carriel has been at this location since 2018 and just exercised a 5-year renewal option, demonstrating their commitment to the site and the market. Their lease calls for attractive annual increases in rent, protecting against rising operating expenses and providing a hedge against inflation.

Property Details

Price:
$1,350,000
MLS #:
73303605
Status:
Active
Beds:
8
Baths:
5
Address:
9-11 & 25 Williams & Division St
Type:
Multi Family
Subtype:
5-9 Family
City:
Chelsea
Listed Date:
Oct 17, 2024
State:
MA
Finished Sq Ft:
3,435
Total Sq Ft:
3,435
ZIP:
02150
Lot Size:
2,178 sqft / 0.05 acres (approx)
Year Built:
1900
Units:
5

Schools

Interior

Bathrooms
4 Full Bathrooms, 2 Half Bathrooms

Exterior

Roof
Rubber

Financial

Net Operating Income
$101,295
Tax Year
2024
Taxes
$19,995
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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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9-11 & 25 Williams & Division St
Chelsea, MA