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Closed

237 Chestnut St, Chelsea MA 02150

$900,000

Estimated $2,488.43/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $300,000

Total Rent: 0/year

Estimated CAP Rate: -1.37%

9 Bedrooms

3 Full Baths

3,515 SqFt

Total Parking: 0

1,873 SqFt

237 Chestnut is situated in the heart of Chelsea, a high-density urban-infill city just northeast of downtown Boston, and located one block from Broadway, the area’s primary commercial corridor. The building has been well maintained during ownership, and the incoming owner has the option to improve unit conditions strategically to maximize rents in a supply constrained market. The property is a three unit multi-family building comprised of three, 3-Bedroom/1-Bathroom units. 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. Building amenities include a coin-op laundry room. 237 Chestnut Street is 0.5-miles from the Mystic Mall, 1-mile from Parkway Plaza Shopping Center and is 2.5-miles from the Gateway Center, anchored by Costco, Home Depot & Target, and the new Encore Boston Harbor Resort & Casino.

This home has been viewed 54 times

Last Checked: May 7th, 2024 at 5:05am (Source: MLS PIN #73082152)

Gross Income: $0

Gross Expenses: $12,349

Net Income Calc: $12,349

CAP Rate: -1.37%

Annual Expenses for 237 Chestnut St, Chelsea MA 02150

Total Gross Expenses (Calculated)$12,349/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$12,349

Annual Income & Unit Breakdown for 237 Chestnut St, Chelsea MA 02150

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 237 Chestnut St, Chelsea MA 02150

Listing ID73082152

Property TypeMulti Family / 3 Family

Price$900,000 ($256.05/SqFt)

Style3 Family - 3 Units Up/down

CityChelsea

CountySuffolk

MLS Area

Neighborhood(s)

Approximate Living Area Total3,515 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningRes

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 237 Chestnut St, Chelsea MA 02150

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

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 237 Chestnut St, Chelsea MA 02150

Real Estate Taxes$12,349

Tax Year2023

Assessed Value$1,054,700

Financial Data SourceEstimated

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.37%

Location Information for 237 Chestnut 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 237 Chestnut 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 1029.08

Principal & Interest 5545.51

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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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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        )

[utilities] => Array
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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

Closed

237 Chestnut St, Chelsea MA 02150

$900,000

Annual Expenses for 237 Chestnut St, Chelsea MA 02150

Annual Income & Unit Breakdown for 237 Chestnut St, Chelsea MA 02150

General Information for 237 Chestnut St, Chelsea MA 02150

Disclosures for 237 Chestnut St, Chelsea MA 02150

Financial Information for 237 Chestnut St, Chelsea MA 02150

Location Information for 237 Chestnut St, Chelsea MA 02150

Contact Information for 237 Chestnut St, Chelsea MA 02150

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Dennis Kelleher