416 Crescent Avenue

Chelsea, MA 02150

$550,000
Last Sold Price
2
Beds
2
Baths
1,771 Sq. Ft.
$311 / Sq. Ft.
1,771
Sq. Ft.
$311
per Sq. Ft.

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.
  1. Listed by David Gradus • Boston Realty Consultants, Inc

Property Details for 416 Crescent Avenue

Town
Chelsea
Area
MA-Chelsea
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Boston Realty Consultants, Inc, David Gradus

Sold By Coldwell Banker Realty - Haverhill, Michelle Tenaglia

Add your commute
LISTING UPDATED: 03/01/2024 05:02 PM

Property Details for 416 Crescent Avenue

StatusSold
MLS #73134695
Days on Market92
Taxes$8,578 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1900
CountySuffolk County

Location

Listing Courtesy of Boston Realty Consultants, Inc, David Gradus

Sold By Coldwell Banker Realty - Haverhill, Michelle Tenaglia

Add your commute

Building Information for 416 Crescent Avenue

Stories3Residences2Year Built1900Building Size-Lot Size0.03 AC / 1,411 SF

Payment Calculator

$3,716 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$715

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 416 Crescent Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 1771.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Bulkhead
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Agent has ownership interest.
Tax Information
  • Tax ID: M:069 P:012,1289671
  • Assessments: $415,800
  • Book: 69122
  • Tax Year: 2023
  • Zoning: R-2
Building / Association Information
Living Characteristics
  • Beds Total: 2
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • GOI: $56,400.00
  • NOI: $56,400.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,700.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 416 Crescent Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Boston Realty Consultants, Inc, David Gradus

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.