55 Washington Avenue

Chelsea, MA 02150

$589,000
Last Sold Price
8
Beds
6
Baths
3,885 Sq. Ft.
$152 / Sq. Ft.
3,885
Sq. Ft.
$152
per Sq. Ft.

Description

Brick cash cow. Brick cash cow $75,600 annual gross rent! All units updated, heating updated, hallways and exterior updated. Solid building, no slopping, no sagging anywhere! Asbestos prof. removed. SIX unit BRICK building in heart of Chelsea. All units are 1 or 2 beds, rented for $1000-$1100 with room to go up. Hardwood floors throughout. Separate gas meters, separate gas water heaters, stoves, electricity. Will not last long - this is a great deal for the a huge monthly cash flow! Showings by appointment...Brick cash cow. Brick cash cow $75,600 annual gross rent! All units updated, heating updated, hallways and exterior updated. Solid building, no slopping, no sagging anywhere! Asbestos prof. removed. SIX unit BRICK building in heart of Chelsea. All units are 1 or 2 beds, rented for $1000-$1100 with room to go up. Hardwood floors throughout. Separate gas meters, separate gas water heaters, stoves, electricity. Will not last long - this is a great deal for the a huge monthly cash flow! Showings by appointment only. Call today, will not last at this price! More pictures coming soon. Please note: Net Income low because 6th unit not listed.
  1. Listed by David Gradus • Boston Realty Consultants, Inc

Property Details for 55 Washington Avenue

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

Location

Listing Courtesy of Boston Realty Consultants, Inc, David Gradus

Sold By Boston Realty Consultants, Inc, David Gradus

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LISTING UPDATED: 08/06/2022 05:52 AM

Property Details for 55 Washington Avenue

StatusSold
MLS #71583960
Days on Market4
Taxes$5,500 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1920
CountySuffolk County

Location

Listing Courtesy of Boston Realty Consultants, Inc, David Gradus

Sold By Boston Realty Consultants, Inc, David Gradus

Add your commute

Building Information for 55 Washington Avenue

Stories9Residences6Year Built1920Building Size-Lot Size0.06 AC / 2,453 SF

Payment Calculator

$3,673 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,214

Property Taxes

$458

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 55 Washington Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Cash
  • Living Area: 3885.0
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
Exterior Features
  • Construction: Brick
  • Lot Description: Other
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: Agent has ownership interest. Please note: Net Income low because 6th unit not listed.
Tax Information
  • Tax ID: M:038 P:098,1287760
  • Assessments: $396,100
  • Book: 10902
  • Tax Year: 2012
  • Zoning: RES
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Other
  • Foundation Area: 1295.0
Income / Expenses
  • GOI: $75,600.00
  • NOI: $63,600.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,300.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 55 Washington 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 55 Washington Avenue

Taxable ValueLand$170,600Additions$977,800Total$1,148,400
Tax Record2023$14,217 ($1,185 / month)
Home Facts
Baths6Total Finished SqFt4,356 SqFtAbove Grade Finished SqFt4,356 SqFtUnfinished Basement SqFt1,458 SqFtStories3Lot Size2,453 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningBRCountySUFFOLKAPNCHEL M:038 P:098

Schools near 55 Washington Avenue

This home is within Chelsea School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 5 to 8
Public - 5 to 8
Rating
School
Distance
Clark Avenue School
Public5 to 8

Chelsea High School
Public9 to 12

Joseph A. Browne School
Public5 to 8

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.