148 Park & Pearl St, Chelsea, MA, 02150
99 rooms
55 beds
30 Full baths
1900
24,219 sqft
The Park & Pearl Portfolio is comprised of 3 multi-family buildings and contains 30 residential units comprised of (4) 3-Bedroom/1-Bathroom units, (17) 2-Bedroom/1-Bathroom units, and (9) 1-Bedroom/1-Bathroom units. Since acquisition of the assets in 2017 & 2021, current ownership has completed numerous capital upgrades including a majority of units featuring new, Navien tankless systems for individual heat and hot water (gas) as well as some upgrades to the unit’s interiors. 148 Park Street/155 Pearl St contains (7) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. 156-160 Park Street contains (4) 3-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom units, and (1) 1-Bedroom/1-Bathroom unit. 161-165 Park Street contains (6) 2-Bedroom/1-Bathroom units and (3) 1-Bedroom/1-Bathroom units. Through programmatic renovations to the assets, the opportunity exists to substantially raise market rents in a high demand, up-and-coming rental sub-market.
Status:
Active
Type:
Multi-family
Units:
30
Zoning:
R2
Levels:
3
Parking:
Paved Drive
Acreage:
0.24
Est. Taxes:
$77,895
Assessment
$6,453,500
Amenities:
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
MLS #:
73281006
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
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Listing courtesy of John Pentore, Horvath & Tremblay Phone: 781-776-4000