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132-134 Cottage St, Chelsea MA 02150

$1,150,000

Estimated $3,025.55/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $287,500

Total Rent: 110400/year

Estimated CAP Rate: 8.39%

10 Bedrooms

4 Full Baths

4,496 SqFt

Total Parking: 12 (3 Garage)

6,054 SqFt

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 59 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

CAP Rate: 8.39%

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 Tax$13,930

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

Total Gross Income (Calculated)$110,400

Unit 1

Rental Income$2,050

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,300

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$2,850

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

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

Listing ID73082151

Property TypeMulti Family / 4 Family

Price$1,150,000 ($255.78/SqFt)

Style4 Family

CityChelsea

CountySuffolk

MLS Area

Neighborhood(s)

Approximate Living Area Total4,496 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking12 (3 Garage)

Garage Parking3 / Detached

Year Built1920

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 DescriptionOther

Accessible Features

Outdoor Space

ZoningRes

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy 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

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$32,396

Total Gross Income By Broker$116,443

Total Net Income By Broker$84,047

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

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

Real Estate Taxes$13,930

Tax Year2023

Assessed Value$1,271,100

Financial Data Source

Total Gross Expenses By Broker$32,396

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$116,443

BostonRealEstate.com Gross Income

Total Net Income By Broker$84,047

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.39%

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

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Shopping, Park, Public Transportation, T-station, Other

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

Agent

Name: Dennis Kelleher

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Team Members

Name: John Pentore

Phone: 781-776-4004

Payment Calculator

, Interest

Property Taxes 1160.83

Principal & Interest 7085.93

HOA Dues $0

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

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

Team Members

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Dennis Kelleher