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132-134 Cottage St, Chelsea MA 02150

$1,150,000

Estimated $3,026/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $287,500

Total Rent: 110400/year

Estimated CAP Rate:

10 Bedrooms

Baths

4496

Total Parking: 12 (3 Garage)

6,054 (0.13)

132-134 Cottage Street is a four unit multi-family building comprised of two, 2-Bedroom/1-Bathroom units and two, 3-Bedroom/1-Bathroom units with 4,496 square feet of living area in 8,112 total square feet on a 0.139-acre parcel listed at a 7.31% cap rate on current income. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly while the landlord is responsible for domestic water and sewer, which has been sub-metered so that the expense can be passed on to the tenants. The building has been well maintained during ownership. Building amenities include a coin-op laundry room, three on-site garages and additional off-street parking in front of the garage spaces. While the building is typically fully occupied, the opportunity exists to drive rental rates through programmatic upgrades and renovations to the kitchens and bathrooms in all units, allowing the incoming owner to maximize rents in a supply constrained market.

This home has been viewed 67 times

Last Checked: May 7th, 2024 at 4:11am (Source: MLS PIN #73082151)

Gross Income: $110,400

Gross Expenses: $13,930

Net Income Calc: $96,470

Annual Expenses for 132-134 Cottage St, Chelsea MA 02150

Total Gross Expenses (Calculated)$13,930/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13930

Annual Income & Unit Breakdown for 132-134 Cottage St, Chelsea MA 02150

Total Gross Income (Calculated)$110,400

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 132-134 Cottage St, Chelsea MA 02150

Listing ID73082151

Property TypeMulti Family / 4 Family

Price1150000 ($255.78/SqFt)

Style4 Family

CityChelsea

CountySuffolk

Neighborhood(s)

Approximate Living Area Total4496

Approximate Lot Size (Acres)0.13

Total Parking12 (3 Garage)

Garage Parking3

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRes

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 132-134 Cottage St, Chelsea MA 02150

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation0

Sub-Agent Compensation0

Compensation Based OnGross/full Sale Price

Financial Information for 132-134 Cottage St, Chelsea MA 02150

Real Estate Taxes13930

Tax Year2023

Assessed Value$1,271,100

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 132-134 Cottage St, Chelsea MA 02150

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 132-134 Cottage St, Chelsea MA 02150

Agent

Name: Dennis Kelleher

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 1160.83

Principal & Interest 7085.93

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Dennis Kelleher

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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EXIT

11 More Photos

Closed

132-134 Cottage St, Chelsea MA 02150

$1,150,000

Annual Expenses for 132-134 Cottage St, Chelsea MA 02150

Annual Income & Unit Breakdown for 132-134 Cottage St, Chelsea MA 02150

General Information for 132-134 Cottage St, Chelsea MA 02150

Disclosures for 132-134 Cottage St, Chelsea MA 02150

Financial Information for 132-134 Cottage St, Chelsea MA 02150

Location Information for 132-134 Cottage St, Chelsea MA 02150

Contact Information for 132-134 Cottage St, Chelsea MA 02150

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Dennis Kelleher