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Canceled

23 Division Street, Chelsea MA 02150

$1,325,000

Estimated $3,321.17/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $265,000

Total Rent: 79380/year

Estimated CAP Rate: 4.93%

7 Bedrooms

4 Full, 2 Half Baths

4,060 SqFt

Total Parking: 0

2,033 SqFt

6.7 CAP investment! That's right, 6.7 CAP. Here is your opportunity to own 2 attached buildings on 2 separate parcels comprising 4 residential units and 1 commercial unit. 25 Division is a 3 story brick rowhouse containing (3) 2 bedroom apartments. 23 Division/9-11 Williams is a 2 story, two unit structure containing a residential unit and a tavern/bar. All units are on lease. Total annual income tops $130K! 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. Call today for a private showing! Pro-forma Available.

This home has been viewed 65 times

Last Checked: May 6th, 2024 at 11:30pm (Source: MLS PIN #73045111)

Gross Income: $79,380

Gross Expenses: $14,072

Net Income Calc: $65,308

CAP Rate: 4.93%

Annual Expenses for 23 Division Street, Chelsea MA 02150

Total Gross Expenses (Calculated)$14,072/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$14,072.24

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

Total Gross Income (Calculated)$79,380

Unit 1

Rental Income$1,695

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,650

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,675

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,595

Lease

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 23 Division Street, Chelsea MA 02150

Listing ID73045111

Property TypeMulti Family / 5+ Family

Price$1,325,000 ($326.35/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 Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningW

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 23 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$38,942

Total Gross Income By Broker$130,520

Total Net Income By Broker$91,578

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.25

Facilitator Compensation2.25

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 23 Division Street, Chelsea MA 02150

Real Estate Taxes$14,072.24

Tax Year2022

Assessed Value$940,900

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$38,942

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$130,520

BostonRealEstate.com Gross Income

Total Net Income By Broker$91,578

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.93%

Location Information for 23 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 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 1172.69

Principal & Interest 8164.23

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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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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[style] => Array
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[terms] => Array
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    [title_5] => 
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[water] => Array
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[water_views_features] => Array
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EXIT

Canceled

23 Division Street, Chelsea MA 02150

$1,325,000

Annual Expenses for 23 Division Street, Chelsea MA 02150

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

General Information for 23 Division Street, Chelsea MA 02150

Disclosures for 23 Division Street, Chelsea MA 02150

Financial Information for 23 Division Street, Chelsea MA 02150

Location Information for 23 Division Street, Chelsea MA 02150

Contact Information for 23 Division Street, Chelsea MA 02150

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

William Raveis R.E. & Home Services

The Residential Group