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132-134 Cottage St, Chelsea, MA

Chelsea · MA 02150

$1,200,000
Price
10
Beds
4
Baths
4496
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1920
Units: 4 Units
Lot size: 6,054 Sq.Ft Lot
Price per square foot: $256 / Sq.Ft
Parking: 3 Garage Spaces · 9 Off Street Spaces

About this home

132-134 Cottage Street is a four unit multi-family building comprised of two, 2-Bedroom/1-Bathroom units and two, 3-Bedroom/1-Bathroom units with 4,496 square feet of living area in 8,112 total square feet on a 0.139-acre parcel listed at a 7.31% cap rate on current income. The building?s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly while the landlord is responsible for domestic water and sewer, which has been sub-metered so that the expense can be passed on to the tenants. The building has been well maintained during ownership. Building amenities include a coin-op laundry room, three on-site garages and additional off-street parking in front of the garage spaces. While the building is typically fully occupied, the opportunity exists to drive rental rates through programmatic upgrades and renovations to the kitchens and bathrooms in all units, allowing the incoming owner to maximize rents in a supply constrained market.

Neighborhood & Transit

132-134 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:
1346 days
Listing Price:
$1,150,000
Price per Sq.Ft:
$256
Tax Assessment:
$1,271,100 in 2023
Taxes:
$1,161 / Monthly

Home Facts

Interior Features

Bedrooms
10
Full Bathrooms
4
Half Bathrooms
0
Living Area
4,496 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
4496
Flooring
Unknown
Lead paint
Unknown

Utilities

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

Exterior Features

Lot Size
6,054 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
3 Parking Spaces
Off Street Parking
9 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl, Brick
Roof
Unknown

Green Features

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

Listing information

Listing agent
Dennis Kelleher
Listing office
Horvath & Tremblay
MLS PIN #
73082151