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416 Crescent Ave

Chelsea, MA 02150
$550,000
2 Beds
2/1 Baths
1,771 Living Area
  • Property Description
    Investors take notice. Numbers work on this one. Mixed-use 2-fam. Property has been gone through and rents and zoning have been stabilized, open permits closed, all liens paid and all bills now current. Ready for new owner. Commercial space downstairs is successful, large take-out restaurant/convenience store. Current rent is $2100 with a long term lease that goes up to $2800. Central AC and lots of storage in basement. Upstairs rental is leased for $2600. Rental unit is a fully gutted 2-bed, gorgeous new kitchen with stainless appliances and granite counters, new bath, flooring, windows, sheetrock, heating, recessed lights, paint. Laundry for upstairs unit included. Both tenants pay all of their own utilities. Current gross rent is $56,400/yr and scheduled to increase to $64,800/yr+ The numbers make sense on this one, fully turn-key and the best deal in town.
  • Highlights
    • Property Class: Residential Income
    • Total Rooms: 6
    • Status: Closed
    • Property Type: Multi Family
    • Year Built: 1900
  • Additional Details
    • Basement: Bulkhead
    • Lot Features: Corner Lot
    • Year Built Details: Actual
    • Zoning: R-2
    • Foundation: Other
    • Total Number of Units: 2
    • Year Built Source: Public Records
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $415,800
    • Compensation Based On: Gross/Full Sale Price
    • Tax Year: 2023
    • Total Rent: $4,700
    • Buyer Agent Compensation: 2%
    • Facilitator Compensation: 1%
    • Taxes: $8,577

Location

416 Crescent Ave, Chelsea, MA 02150

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Berkshire Hathaway HomeServices Verani Realty Bradford. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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