116-118 Cottage St, Chelsea, MA 02150
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$1,550,000
4 Unit
14 Beds
4 Baths
5336 SQFT
0.14 Acre

Property Description

ATTENTION INVESTORS: Massive 4 Family w/a 2 Car Detached Garage and 5336 sf of living space, offering enormous potential for increased revenue! Living area is comparable to a 5-6 fam. This well maintained home has had the same owners for 27 years and shows pride of ownership. Units have been updated thru the years including K & B's, along w/exterior & interior improvements. (3) boilers updated, newer H20 tanks, 2nd fl units have CB sub panels, lg walkout basement, add'l 2 car tandem pkg spaces and composite deck in the rear. (2) units delivered vacant & Owners unit once housing is obtained. see attached proforma for market rents & income potential. Separate Utilities, Layouts: #118 & 116-#2 are 4 Br's, 1 BA, Living rm, dining area, Fin EP, Units 118 & 116# 1 are 3 Br's, 1 BA, Living rm, dining area, EP's. Just a short walk to public transportation- Bus:112, Silver line & Commuter Rail. Easy access to Logan, 1A, Rte 16, Downtown Boston and more

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 14
  • Total Full Baths: 4
  • Amenities: Highway Access, Park, Public School, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Pantry
  • Common Appliances: Dishwasher, Dishwasher - ENERGY STAR, Microwave, Range, Refrigerator, Refrigerator - ENERGY STAR, Vent Hood, Washer & Dryer Hookup, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Electric Baseboard, Extra Flue, Gas, Gas, Geothermal Heat Source, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators, Individual, Oil, Oil, Radiant
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 32400
  • Net Operating Income: 32400

Utilities

  • Heat Zones: 4
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 4 Family - 4 Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Concrete Block
  • Roof Material: Other (See Remarks)
  • Flooring Type: Laminate, Parquet, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73308315
  • Last Updated: 11/09/24
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/09/2024Contingent$1,550,000$290MLSPIN
11/04/2024Active$1,550,000$290MLSPIN
10/31/2024New$1,550,000$290MLSPIN

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Seller's Representative: Lisa Leonard, Century 21 Mario Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-11-09 11:40:00

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