Sold
148 Pearl St, Chelsea, MA
Chelsea · MA 02150
- $7,800,000
- Price
- 55
- Beds
- 30
- Baths
- 24219
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
30 Units
Lot size:
0.24 Acre Lot
Price per square foot:
$334 / Sq.Ft
Parking:
No Parking
About this home
The Park & Pearl Portfolio is comprised of 3 multi-family buildings and contains 30 residential units comprised of (4) 3-Bedroom/1-Bathroom units, (17) 2-Bedroom/1-Bathroom units, and (9) 1-Bedroom/1-Bathroom units. Since acquisition of the assets in 2017 & 2021, current ownership has completed numerous capital upgrades including a majority of units featuring new, Navien tankless systems for individual heat and hot water (gas) as well as some upgrades to the unit?s interiors. 148 Park Street/155 Pearl St contains (7) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. 156-160 Park Street contains (4) 3-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom units, and (1) 1-Bedroom/1-Bathroom unit. 161-165 Park Street contains (6) 2-Bedroom/1-Bathroom units and (3) 1-Bedroom/1-Bathroom units. Through programmatic renovations to the assets, the opportunity exists to substantially raise market rents in a high demand, up-and-coming rental sub-market.
Neighborhood & Transit
148 Pearl 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:
- 804 days
- Listing Price:
- $8,100,000
- Price per Sq.Ft:
- $334
- Tax Assessment:
- $6,453,500 in 2024
- Taxes:
- $6,491 / Monthly
Home Facts
Interior Features
- Bedrooms
- 55
- Full Bathrooms
- 30
- Half Bathrooms
- 0
- Living Area
- 24,219 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 24219
- 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
- 10,454 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Brick, Stucco
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- John Pentore
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73281006
- Disclosure
- The total monthly rent is $56,599, $32,767 is the maximum allowed by MLS. The total # of Rooms is 107, 99 is the maximum allowed by MLS.