Price Reduced 3.23%
Price History
$1,395,000
4/5/2024
$1,350,000
5/1/2024
23-25 Division Street, Chelsea, MA, 02150
17 rooms
7 beds
4 Full / 2 Half baths
1900
4,060 sqft
TWO BUILDINGS FOR THE PRICE OF ONE! Seriously, if you are looking for a great investment with value add potential, this is it. 2 attached buildings on 2 separate parcels comprising 4 residential units + 1 commercial unit. 23 Division/9-11 Williams is a 2 story building w/a 2 bed/1 bath residential unit and a commercial space which is leased to a popular Tavern. 25 Division Street is a 3 story brick rowhouse containing (3) 2 bedroom apartments. All residential units are on fixed term leases, with most having renewed to 8/31/25! The Tavern is a long standing tenant with a lease to 2028. Anticipated income is $149K with net income of over $108K. The location is at the gateway from East Boston to Chelsea, and is prime for FUTURE DEVELOPMENT/expansion with POTENTIAL WATER VIEWS FROM THE PROPERTY. In a sea of overpriced listings, THIS IS A DEAL. Pro-forma Available.
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
W
Levels:
8
Acreage:
0.05
Est. Taxes:
$16,546
Assessment
$1,016,900
Utilities
for Electric Range
Lot Description:
Corner Lot
Amenities:
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station
MLS #:
73220764
Buyer Agent Compensation:
2.0
Facilitator Compensation:
2.0
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No