Address
218-230 Broadway, Chelsea, MA
Price
$ 6,900,000
Property Attributes
  • MLS#73023839
  • TypeMulti-Family
  • CountySUFFOLK
  • CityChelsea
  • Zip02150
  • Style5-9 Family
  • Year Built1920
  • Taxes$ 52259
  • Price$ 6,900,000
  • Bedrooms18
  • Full Bathrooms22
  • Half Bathrooms0
  • Sqr Footage9999
  • Lot Size12,197 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description

218-230 Broadway is a mixed use investment property consisting of a three story building containing a total of 22 units, including 4 retail units (all of which are leased) and 18 residential apartments made of 12 one bedroom/one bathroom units and 6 two bedroom/one bathroom units. The property is well located along Broadway, the area's primary commercial corridor in the heart of downtown Chelsea, a high density, urban infill city, just north of downtown Boston. All of the residential units were renovated in 2011. Several of the residential units offer upside bringing rents to market rates. Additionally, two of the retail units (218&224) offer upside by increasing below market rents to market rents upon lease renewal. Each retail unit is seperatley metered for electric, gas (heat/hot water) and water and sewer. The residential units are seperately metered for electricity, which tenants pay directly. The landlord pays for heat, hot water and water and sewer.

Price History
8/10/2022 Listed $6,900,000

General Features

Building Area Units Square Feet
Buyer Agent Compensation 2.5
City Chelsea
Compensation Based On Gross/Full Sale Price
Construction Materials Brick
County Suffolk
Directions located on Broadway between Everett Ave and 2nd Street
Garage Y/N No
Grossincome 618694
Interior Features Other (See Remarks)
Lot Size Square Feet 12377
Net Operating Income 439738
Operatingexpense 178956
Property SubType 5-9 Family
Property Type Residential Income
Roof Rubber
Sewer Public Sewer
Showing Instructions Call List Office
Standard Status Active
Status Active
Street Name Broadway
Sub-Agency Relationship Offered No
Tax Annual Amount 52259.32
Tax Year 2022
TaxAssessedValue 3944100
Total Actual Rent 7550
Total Rooms 36
Total Units 22
Waterfront Y/N No
Year Built 1920
Year Built Details Approximate
Yearbuiltsource Appraiser
Zoning BR

Interior Features

Fireplace Y/N No
Full Baths 22
Total Baths 22
Total Bedrooms 18
Total Stories 10

Exterior Features

Living Area 9999
Building Area Total 9999
Foundation Details Stone
Lot Size Acres 0.28
Lot Size Area 0.28
Lot Size Units Acres
Open Parking Y/N Yes
Parking Features Paved Drive
Total Parking 3
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 02150

Price
AVG $1.45M
$6.9M
Taxes
AVG $12,130
$52,259
Visits
AVG 17
33
Year Built
AVG 1906
1920
Walkscore
AVG 84
95
Data Provided by Walkscore ® not using MLS data

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