Chelsea, MA 02150,416 Crescent Ave
Chelsea, MA 02150,416 Crescent Ave
Chelsea, MA 02150,416 Crescent Ave
21
$550,000
$574,900
4.3%
Est.Price: ?

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2 BD
2 BA
1,771 SqFt

416 Crescent Ave Chelsea, MA 02150

Est. payment /mo
SOLD DATE : 11/01/2023

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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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Listed by Boston Realty Consultants, Inc
Bought with Michelle Tenaglia • Berkshire Hathaway HomeServices Verani Realty Bradford

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agent

Michael Hannigan

Realtor® | License ID: MA9569074

+1(617) 888-6606

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