416 Crescent Avenue
416 Crescent Avenue
$550,000
2
2
1,771
1,771
$311
Sold 11/1/23
Description
Investors take notice. Numbers work on this one. Mixed-use 2-fam. Property has been gone through and rents and zoning have been stabilized, open permits closed, all liens paid and all bills now current. Ready for new owner. Commercial space downstairs is successful, large take-out restaurant/convenience store. Current rent is $2100 with a long term lease that goes up to $2800. Central AC and lots of storage in basement. Upstairs rental is leased for $2600. Rental unit is a fully gutted 2-bed, gorgeous...Investors take notice. Numbers work on this one. Mixed-use 2-fam. Property has been gone through and rents and zoning have been stabilized, open permits closed, all liens paid and all bills now current. Ready for new owner. Commercial space downstairs is successful, large take-out restaurant/convenience store. Current rent is $2100 with a long term lease that goes up to $2800. Central AC and lots of storage in basement. Upstairs rental is leased for $2600. Rental unit is a fully gutted 2-bed, gorgeous new kitchen with stainless appliances and granite counters, new bath, flooring, windows, sheetrock, heating, recessed lights, paint. Laundry for upstairs unit included. Both tenants pay all of their own utilities. Current gross rent is $56,400/yr and scheduled to increase to $64,800/yr+ The numbers make sense on this one, fully turn-key and the best deal in town.
- Listed by David Gradus • Boston Realty Consultants, Inc
Property Details for 416 Crescent Avenue
Town
Chelsea
AreaMA-Chelsea
Garage Spaces0
Parking Spaces.00
Location
LISTING UPDATED: 03/01/2024 05:02 PM
Property Details for 416 Crescent Avenue
Status | Sold |
---|---|
MLS # | 73134695 |
Days on Market | 92 |
Taxes | $8,578 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 2 Family |
Year Built | 1900 |
County | Suffolk County |
Location
Building Information for 416 Crescent Avenue
Stories3Residences2Year Built1900Building Size-Lot Size0.03 AC / 1,411 SF
Payment Calculator
$3,716 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 416 Crescent Avenue
Property History for 416 Crescent Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 416 Crescent Avenue
Taxable ValueLand$130,900Additions$332,500Total$463,400
Tax Record2024$11,006 ($917 / month)
Home Facts
Total Finished SqFt1,771 SqFtAbove Grade Finished SqFt1,771 SqFtUnfinished Basement SqFt1,067 SqFtStories2Lot Size1,411 SqFtStyleDepartment StoreYear Built1900ZoningR-2CountySUFFOLKAPNCHEL M:069 P:012
Schools near 416 Crescent Avenue
This home is within Chelsea School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 4 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 | |||
Public - | 1 to 4 |
Rating | School | Distance |
---|---|---|
Edgar A Hooks Elementary School Public1 to 4 | ||
Clark Avenue School Public5 to 8 | ||
Chelsea High School Public9 to 12 | ||
Frank M Sokolowski Elementary School Public1 to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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