BEDS26
BATHS26 full
SQUARE FEET15,464
MLS#73592372
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
238 Chelsea Street is a rare opportunity to acquire a 26-Unit value-add multifamily property located in Everett, Ma convenient to the Commuter Rail and Orange Line, the Gateway Center shops, Encore Casino and Downtown Boston. The building provides a stable rent roll that can be greatly improved through programmatic unit renovations as Everett continues to support higher-end rental stock with the local economic drivers. The property is comprised of (20) studio apartments and (6) 1-bedrooms / 1-bath units situated on a 0.34 acre lot that accommodates roughly 15 vehicles. The neighborhood continues to rapidly develop with projects like Wynn Phase 2 and the New England Revolution Stadium Waterfront development in the pipeline bringing a substantial amount of jobs and renters to the area.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Finished
Lot Size: 0.34 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $48,880
Year Built: 1970
Feature Descriptions
Building Area Total: 15464
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 22
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Circuit Breakers, Individually Metered
Exterior: Brick
Flooring: Tile
Lot Features: Other
Open Parking Y/N: Yes
Parcel Number: 483854
Parking Features: Off Street, Driveway
Parking Total: 15
Rent Includes: Unit 1(Heat, Hot Water)
Rooms Total: 40
Sewer: Public Sewer
Units: 26
Utilities: for Gas Range
Water: Public
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap Real Estate Investment Services
Agent Name: Tony Pepdjonovic
Agency Phone: 617-896-7200
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 19,428.46 per month $13,575.96 Principal & Interest $4,073.33 Property Tax $1,779.17 Homeowner's Insurance
238 Chelsea Street | MLS# 73592372
This multi-family property located at 238 Chelsea Street, Everett, MA 02149 is currently listed for sale with an asking price of $6,100,000. Search Everett real estate on www.masiellogrouprealestate.com today.