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Home Massachusetts Chelsea Multi-Family Homes for Sale

9-11 & 25 Williams & Division St Chelsea, MA 02150
35 Days on Boardwalk Properties
24
9-11 & 25 Williams & Division St, Chelsea, MA 02150
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$1,350,000
5 Unit
8 Beds
6 Baths
3435 SQFT
0.05 Acre

Property Description

9-11 Williams Street & 25 Division Street is a five unit mixed-use building comprised of one commercial unit on the first floor leased to El Carriel Bar, and four 2-Bedroom/1-Bathroom units. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer and the commercial unit reimburses 66.67% of this expense (from 9-11 Williams and 23 Division only). The building has been well maintained during ownership. El Carriel has been at this location since 2018 and just exercised a 5-year renewal option, demonstrating their commitment to the site and the market. Their lease calls for attractive annual increases in rent, protecting against rising operating expenses and providing a hedge against inflation.
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Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 8
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Total Half Baths: 2

Financial

  • APOD Available: Yes
  • Gross Operating Income: 151340
  • Gross Expenses: 50045
  • Net Operating Income: 101295

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73303605
  • Last Updated: 10/21/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/21/2024Active$1,350,000$393MLSPIN
10/17/2024New$1,350,000$393MLSPIN

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Seller's Representative: Dennis Kelleher, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-10-21 03:05:00

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