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116-118 Cottage St, Chelsea, MA

Chelsea · MA 02150

$1,525,000
Price
14
Beds
4
Baths
5336
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1920
Units: 4 Units
Lot size: 6,000 Sq.Ft Lot
Price per square foot: $290 / Sq.Ft
Parking: 2 Garage Spaces · 2 Off Street Spaces

About this home

ATTENTION INVESTORS: Massive 4 Family w/a 2 Car Detached Garage and 5336 sf of living space, offering enormous potential for increased revenue! Living area is comparable to a 5-6 fam. This well maintained home has had the same owners for 27 years and shows pride of ownership. Units have been updated thru the years including K & B's, along w/exterior & interior improvements. (3) boilers updated, newer H20 tanks, 2nd fl units have CB sub panels, lg walkout basement, add'l 2 car tandem pkg spaces and composite deck in the rear. (2) units delivered vacant & Owners unit once housing is obtained. see attached proforma for market rents & income potential. Separate Utilities, Layouts: #118 & 116-#2 are 4 Br's, 1 BA, Living rm, dining area, Fin EP, Units 118 & 116# 1 are 3 Br's, 1 BA, Living rm, dining area, EP's. Just a short walk to public transportation- Bus:112, Silver line & Commuter Rail. Easy access to Logan, 1A, Rte 16, Downtown Boston and more

Neighborhood & Transit

116-118 Cottage St, Chelsea · MA 02150

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
734 days
Listing Price:
$1,550,000
Price per Sq.Ft:
$290
Tax Assessment:
$1,140,000 in 2024
Taxes:
$1,131 / Monthly

Home Facts

Interior Features

Bedrooms
14
Full Bathrooms
4
Half Bathrooms
0
Living Area
5,336 Sq.Ft
Broker Disclosure about Living Area
Does not include 3 finished EP's (1) unfinish/ city has 22 total rooms- excludes Dining areas
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
5336
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Circuit Breakers, Individually Metered

Exterior Features

Lot Size
6,000 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
2 Parking Spaces
Off Street Parking
2 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Lisa Leonard
Listing office
Century 21 Mario Real Estate
MLS PIN #
73308315
Disclosure
Sale is contingent on Sellers obtaining a for use in occupancy or TAW, for sellers to remain post closing in U# 118 #2, until Sellers obtain suitable housing. Some BR's have closets outside the rooms. driveway is shared with abutter. Pre-approval or POF required to view. see attached proforma
Disclosure
Does not include 3 finished EP's (1) unfinish/ city has 22 total rooms- excludes Dining areas