59-61 Division Street

Chelsea, MA 02150

$1,475,000
Price
12
Beds
5
Baths
1
1/2 Bath
4,500 Sq. Ft.
$328 / Sq. Ft.
4,500
Sq. Ft.
$328
per Sq. Ft.

Description

Discover an exceptional investment in Chelsea's vibrant lower Broadway area – a rare 5-family opportunity! Each unit boasts lead compliance for easy renting, and is currently occupied by reliable, rent-paying tenants. Enjoy positive cash flow with potential for even greater returns. Bonus income from coin-operated laundry. Many units have undergone renovations, featuring fresh paint, tiled bathrooms, new stainless steel appliances, stunning hardwood floors, and granite countertops in kitchens. Offering...Discover an exceptional investment in Chelsea's vibrant lower Broadway area – a rare 5-family opportunity! Each unit boasts lead compliance for easy renting, and is currently occupied by reliable, rent-paying tenants. Enjoy positive cash flow with potential for even greater returns. Bonus income from coin-operated laundry. Many units have undergone renovations, featuring fresh paint, tiled bathrooms, new stainless steel appliances, stunning hardwood floors, and granite countertops in kitchens. Offering a mix of two, three, four, and one-bedroom units, all with separate utilities. Updated forced air gas heating installed in 2012 ensures efficient operation. This property promises both immediate income and long-term value. Don't miss out – seize this lucrative investment today!
  1. Listed by BLINK Estates Group • eXp Realty
  2. Listed by Sabrina Stewart • eXp Realty

Property Details for 59-61 Division Street

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

Location

Listing Courtesy of eXp Realty, BLINK Estates Group; eXp Realty, Sabrina Stewart
Add your commute
LISTING UPDATED: 04/18/2024 03:09 AM

Property Details for 59-61 Division Street

StatusUnder Agreement
MLS #73213564
Days on Market31
Taxes$12,489 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1920
CountySuffolk County

Location

Listing Courtesy of eXp Realty, BLINK Estates Group; eXp Realty, Sabrina Stewart
Add your commute

Building Information for 59-61 Division Street

Stories10Residences5Year Built1920Building Size-Lot Size0.05 AC / 2,200 SF

Payment Calculator

$9,090 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,050

Property Taxes

$1,041

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 59-61 Division Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Marina
  • Living Area: 4500.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Microwave, Refrigerator
  • Basement Features: Full
  • Num of Baths: 6.0
  • Num of Full Baths: 5
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 5.50
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • Interior Features: Lead Certification Available, Living Room, Kitchen
  • Interior Features: Window AC
  • Laundry Features: Electric Dryer Hookup
  • SpaYN: No
  • Window Features: Insulated Windows, Storm Window(s)
Exterior Features
  • Construction: Frame
  • Lot Description: Other
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Electric: 110 Volts
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Lead compliance for all units. Tenants pay on time,with rent proof available. Leases provided. Some rents below market value. Refer to attached documents under paperclip. Some of the pictures were virtually staged before tenancy.
Tax Information
  • Assessments: $1,008,800
  • Book: 67885
  • Tax Year: 2023
  • Zoning: BR
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 10
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • Electricity: $1,200.00
  • Annual Expenses Source: Estimated, Owner
  • GOI: $142,200.00
  • Insurance: $5,616.00
  • GRE: $10,416
  • RME: $1,200
  • NOI: $131,784.00
  • Operating Expense: $10,416.00
  • WSE: $2,400.00
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: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $11,600.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 59-61 Division Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 59-61 Division Street

This home is within Chelsea School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 5 to 8
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Shurtleff Early Childhood
PublicPK to 1

Joseph A. Browne School
Public5 to 8

Chelsea High School
Public9 to 12

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of eXp Realty, BLINK Estates Group; eXp Realty, Sabrina Stewart

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.