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416 Crescent Ave Chelsea, MA 02150
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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,771 sqft
Price per Sqft $310
MLS Listing ID 73134695
Sold Date 11/01/23
Bedrooms 2
Full Baths 2
Year Built 1900
Annual Tax Amount $8,577
Tax Year 2023
Lot Size 1,306 Sqft
Acres 0.03
Property 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 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.
Location
State MA
County Suffolk
Zoning R-2
Direction Eastern Ave to Crescent Ave
Rooms
Basement Bulkhead
Exterior
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Michelle Tenaglia • Berkshire Hathaway HomeServices Verani Realty Bradford