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67-69 Webster Ave, Chelsea, MA

Chelsea · MA 02150

$1,765,000
Price
16
Beds
8
Baths
6840
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1920
Units: 8 Units
Lot size: 5,000 Sq.Ft Lot
Price per square foot: $270 / Sq.Ft
Parking: No Parking

About this home

67-69 Webster is an eight-unit multi-family investment property located in Chelsea comprised of eight (8), 2-Bedroom/1-Bathroom units with 6,840 square feet of living area in 7,269 total square feet on a 0.11-acre parcel. The buildings utilities are separately metered (tenants are responsible for their own heat (electric), hot water (electric) and electric. The building has been well maintained during ownership. Building amenities include a coin-op laundry room and large rear yard creating outdoor space in an urban setting for tenants of the property. 67-69 Webster is currently fully occupied. There is an opportunity to create additional value by converting the third-floor units into 3-Bedroom units, generating higher revenue at the Property. The opportunity also exists to drive rental rates through upgrades and renovations to the kitchens and bathrooms in in all units, allowing the incoming owner to maximize rents in a supply constrained market.

Neighborhood & Transit

67-69 Webster Ave, 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:
1467 days
Listing Price:
$1,850,000
Price per Sq.Ft:
$270
Tax Assessment:
$1,552,000 in 2022
Taxes:
$1,738 / Monthly

Home Facts

Interior Features

Bedrooms
16
Full Bathrooms
8
Half Bathrooms
0
Living Area
6,840 Sq.Ft (Includes Basement)
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

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

Exterior Features

Lot Size
5,000 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
None

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
John Pentore
Listing office
Horvath & Tremblay
MLS PIN #
72960276