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Expired

289 Washington Ave, Chelsea MA 02150

$1,050,000

Estimated $2,597.82/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $350,000

Total Rent: 87600/year

Estimated CAP Rate: 7.32%

9 Bedrooms

3 Full Baths

4,449 SqFt

Total Parking: 0

5,400 SqFt

Attention investors, 1031xchangers and owner occupied this massive Turnkey 3 unit very solid building is in great condition and ready to provide a great return. The units are all in great shape with 9ft plus ceilings, new rubber roof, new gas furnaces and a very high basement already connected to the first floor where you can add more bedrooms and a bathroom. Located right at 111 Bus Stop this property is a commuter's dream. Property is also located within a 3 minute walk to the High School, the Public Pool and a minute drive to route 1 ramps. Chelsea is rapidly growing with the Silver line, commuter rail, FBI building, many brand new Hotels and new businesses planning to move-in. unit 1 will be delivered vacant ready for new owner or ready to get premium rent. Three bedrooms each floor with the first flor having 1.5 bathrooms. First Open Houses will be Friday, Saturday & Sunday the weekend of July 8th to July 10th.

This home has been viewed 25 times

Last Checked: May 7th, 2024 at 4:50am (Source: MLS PIN #73006142)

Gross Income: $87,600

Gross Expenses: $10,743

Net Income Calc: $76,857

CAP Rate: 7.32%

Annual Expenses for 289 Washington Ave, Chelsea MA 02150

Total Gross Expenses (Calculated)$10,743/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,743

Annual Income & Unit Breakdown for 289 Washington Ave, Chelsea MA 02150

Total Gross Income (Calculated)$87,600

Unit 1

Rental Income$2,700

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

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$2,300

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 289 Washington Ave, Chelsea MA 02150

Listing ID73006142

Property TypeMulti Family / 3 Family

Price$1,050,000 ($236.01/SqFt)

Style3 Family

CityChelsea

CountySuffolk

MLS Area

Neighborhood(s)

Approximate Living Area Total4,449 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking0

Garage Parking

Year Built1850

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area9999

Foundation DescriptionBlock,Stone

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 289 Washington Ave, 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$0

Total Gross Income By Broker$87,600

Total Net Income By Broker$87,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 289 Washington Ave, Chelsea MA 02150

Real Estate Taxes$10,743

Tax Year2022

Assessed Value$810,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$87,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$87,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.32%

Location Information for 289 Washington Ave, Chelsea MA 02150

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Park, Medical Facility, Public Transportation, T-station, Pool

Contact Information for 289 Washington Ave, Chelsea MA 02150

Agent

Name: Julio R. Carrera

Office

Name: USA Realty LLC

Phone: 617-515-9933

Payment Calculator

, Interest

Property Taxes 895.25

Principal & Interest 6469.77

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

USA Realty LLC

Julio R. Carrera

Agent Phone

Office Phone

(617) 515-9933

Text Agent Call Agent Call Office

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EXIT

Expired

289 Washington Ave, Chelsea MA 02150

$1,050,000

Annual Expenses for 289 Washington Ave, Chelsea MA 02150

Annual Income & Unit Breakdown for 289 Washington Ave, Chelsea MA 02150

General Information for 289 Washington Ave, Chelsea MA 02150

Disclosures for 289 Washington Ave, Chelsea MA 02150

Financial Information for 289 Washington Ave, Chelsea MA 02150

Location Information for 289 Washington Ave, Chelsea MA 02150

Contact Information for 289 Washington Ave, Chelsea MA 02150

Agent

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Exclusive Listing Agent

USA Realty LLC

Julio R. Carrera