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Canceled

23-25 Division Street, Chelsea MA 02150

$1,415,000

Estimated $3,673.22/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $283,000

Total Rent: 93300/year

Estimated CAP Rate: 5.42%

7 Bedrooms

4 Full, 2 Half Baths

4,060 SqFt

Total Parking: 0

2,033 SqFt

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.

This home has been viewed 108 times

Last Checked: October 7th, 2024 at 4:42pm (Source: MLS PIN #73220764)

Gross Income: $93,300

Gross Expenses: $16,545

Net Income Calc: $76,755

CAP Rate: 5.42%

Annual Expenses for 23-25 Division Street, Chelsea MA 02150

Total Gross Expenses (Calculated)$16,545/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$16,545.56

Annual Income & Unit Breakdown for 23-25 Division Street, Chelsea MA 02150

Total Gross Income (Calculated)$93,300

Unit 1

Rental Income$1,875

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$2,000

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$1,950

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 4

Rental Income$1,950

Lease

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

General Information for 23-25 Division Street, Chelsea MA 02150

Listing ID73220764

Property TypeMulti Family / 5+ Family

Price$1,415,000 ($348.52/SqFt)

Style5-9 Family

CityChelsea

CountySuffolk

MLS Area

Neighborhood(s)

Approximate Living Area Total4,060 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningW

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 23-25 Division Street, Chelsea MA 02150

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$40,678

Total Gross Income By Broker$149,181

Total Net Income By Broker$108,503

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 23-25 Division Street, Chelsea MA 02150

Real Estate Taxes$16,545.56

Tax Year2023

Assessed Value$1,016,900

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$40,678

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$149,181

BostonRealEstate.com Gross Income

Total Net Income By Broker$108,503

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.42%

Location Information for 23-25 Division Street, Chelsea MA 02150

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Private School

Contact Information for 23-25 Division Street, Chelsea MA 02150

Agent

Name: The Residential Group

Office

Name: William Raveis R.E. & Home Services

Phone: 617-426-8333

Team Members

Name: Jason Manganello

Phone: 617-877-5694

Payment Calculator

, Interest

Property Taxes 1378.8

Principal & Interest 8718.78

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R.E. & Home Services

The Residential Group

Agent Phone

Office Phone

(617) 426-8333

Text Agent Call Agent Call Office

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    [description] => 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.
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[road_frontage_type] => Array
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    [senior_community] => No
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            [0] => 23-25 Division Street, Chelsea MA 02150
        )

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[water] => Array
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[water_expense] => Array
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[water_views_features] => Array
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EXIT

Canceled

23-25 Division Street, Chelsea MA 02150

$1,415,000

Annual Expenses for 23-25 Division Street, Chelsea MA 02150

Annual Income & Unit Breakdown for 23-25 Division Street, Chelsea MA 02150

General Information for 23-25 Division Street, Chelsea MA 02150

Disclosures for 23-25 Division Street, Chelsea MA 02150

Financial Information for 23-25 Division Street, Chelsea MA 02150

Location Information for 23-25 Division Street, Chelsea MA 02150

Contact Information for 23-25 Division Street, Chelsea MA 02150

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

William Raveis R.E. & Home Services

The Residential Group