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218-230 Broadway Chelsea, MA 02150
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Key Details
Sold Price $6,625,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,999 sqft
Price per Sqft $662
MLS Listing ID 73023839
Bedrooms 18
Full Baths 22
Year Built 1920
Annual Tax Amount $52,259
Tax Year 2022
Lot Size 0.280 Acres
Property Sub-Type 5-9 Family
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.
Location
State MA
County Suffolk
Zoning BR
Exterior
Roof Type Rubber
Building
Story 10
Foundation Stone
Sewer Public Sewer
Water Public
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Bought with Madelyn Garcia • Madelyn Garcia Real Estate
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