37 Central Avenue, Chelsea, MA 02150
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$1,099,988
3 Unit
10 Beds
4 Baths
4581 SQFT
0.11 Acre

Property Description

Great Investment Opportunity - Three Level Brick Building with Additional Lot Included - (37R Central -2 Car Garage with Storage & Parking - 1200sq.ft) - Some Updating Needed. Additional Square Ft.(594sq.ft) Potential in Lower Level for Living Space/Storage. Converted Rear Porch on First Level hosts two additional rooms(280sqft). All Appliances including Stoves, Fridges, Washer & Dryer(basement) to transfer. New Third Floor Heating Burner. Minutes to 93/16 & Route 1. Priced to Move Quickly - Motivated Seller. Property Sold "As is, Where Is". Second & Third Floor Tenants will remain and transfer as Tenants at Will with 60 Day Written Notice. No current Leases. Buyer's will be Accompanied by Agent(s) at All Times. Units are Occupied.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 10
  • Total Full Baths: 4
  • Amenities: Highway Access, Medical Facility, Park, Public School, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Garage Access, Partially Finished, Unfinished Basement, Walk Out
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub, Bathroom With Tub & Shower, Pantry
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Heat Pump
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 62400
  • Gross Expenses: 3600
  • Water/Sewer: 3600
  • Net Operating Income: 58800

Utilities

  • Heat Zones: 1
  • Electric Info: 100 Amps, Other (See Remarks)
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

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: 3
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Pine, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73328389
  • Last Updated: 01/23/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
01/22/2025New$1,099,988$240MLSPIN

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Seller's Representative: William W. Brennan, Greater Metropolitan R. E.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-01-23 03:30:00

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