$1,650,000
12
Beds
6
Baths
3,712
Living Area
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Property Description
Exceptional 6-unit investment opportunity in Chelsea’s desirable Prattville neighborhood, just minutes to the Tobin Bridge and Revere Beach Parkway. This well-maintained multi-family features (2) lower-level units with full-height ceilings and two egresses, (2) first-floor units, and (2) second-floor units. Four of the six units have been updated with modern kitchens and baths. Each apartment has separate utilities and its own rear balcony. The building includes gas heating systems (approx. 10 years old), a fire panel, common electric meter, and off-street parking for 6 cars. Roof replaced 8 years ago; siding is 15 years old. Strong current cash flow with 6–7% CAP rate and upside potential through future rent increases. Ideal for investors looking to grow or stabilize their portfolio in a prime commuter location close to Boston.
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Highlights
- Area: Prattville
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
- Heating: Natural Gas
- Parking Spots: 6
- Property Type: 5-9 Family
- Total Rooms: 15
- Status: Active
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Additional Details
- Appliances: Washer, Dryer
- Construction: Frame
- Interior Features: Laundry Room, Mudroom
- Roof: Rubber
- Total Number of Units: 6
- Year Built Source: Public Records
- Basement: Full, Finished
- Foundation: Block, Brick/Mortar
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R-2
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Highway Access
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,292,800
- Compensation Based On: Net Sale Price
- Taxes: $14,880
- Buyer Agent Compensation: 2%
- Tax Year: 2025
- Total Rent: $11,400
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