The Chestnut and Cottage Street Portfolio consists of three multi-family properties with ten total units that can be purchased as a portfolio or purchased individually. 237 and 239 Chestnut Street are two separately-parceled halves of one multi-family building, each comprised of three 3-Bedroom/1-Bathroom units for a total of six units. 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. The opportunity exists to drive rental rates through programmatic upgrades and renovations to the kitchens and bathrooms in all of the units in 239 Chestnut Street and 132-134 Cottage Street and improve unit conditions strategically in 237 Chestnut Street, allowing the incoming owner to maximize rents in a supply constrained market.
This home has been viewed 36 times
Last Checked: May 7th, 2024 at 6:50am (Source: MLS PIN #73082150)
Gross Income: $55,200
Gross Expenses: $36,268
Net Income Calc: $18,932
CAP Rate: 0.66%
Annual Expenses for 1 Chestnut & Cottage Portfolio, Chelsea MA 021
Total Gross Expenses (Calculated)$36,268/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$36,268
Annual Income & Unit Breakdown for 1 Chestnut & Cottage Portfolio, Chelsea MA 021
Total Gross Income (Calculated)$55,200
Unit 1
Rental Income$2,300
LeaseY
Bedrooms3
Bathrooms3 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,300
LeaseN
Bedrooms3
Bathrooms3 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 1 Chestnut & Cottage Portfolio, Chelsea MA 021
Listing ID73082150
Property TypeMulti Family
Price$2,885,000 ($250.35/SqFt)
Style5+ Family - 5+ Units Side By Side
CityChelsea
CountySuffolk
MLS Area
Neighborhood(s)
Approximate Living Area Total11,524 SqFt
Approximate Lot Size (Acres)0.22 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 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 1 Chestnut & Cottage Portfolio, Chelsea MA 021
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$80,774
Total Gross Income By Broker$257,791
Total Net Income By Broker$177,017
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 1 Chestnut & Cottage Portfolio, Chelsea MA 021
Real Estate Taxes$36,268
Tax Year2023
Assessed Value$3,132,700
Financial Data SourceEstimated
Total Gross Expenses By Broker$80,774
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$257,791
BostonRealEstate.com Gross Income
Total Net Income By Broker$177,017
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)0.66%
Location Information for 1 Chestnut & Cottage Portfolio, Chelsea MA 021
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Shopping, Park, Public Transportation, T-station, Other
Contact Information for 1 Chestnut & Cottage Portfolio, Chelsea MA 021