Sold!
$1,450,000
12
Beds
5/1
Baths
4,500
Living Area
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Property Description
Discover an exceptional investment in Chelsea's vibrant lower Broadway area – a rare 5-family opportunity! Each unit boasts lead compliance for easy renting, and is currently occupied by reliable, rent-paying tenants. Enjoy positive cash flow with potential for even greater returns. Bonus income from coin-operated laundry. Many units have undergone renovations, featuring fresh paint, tiled bathrooms, new stainless steel appliances, stunning hardwood floors, and granite countertops in kitchens. Offering a mix of two, three, four, and one-bedroom units, all with separate utilities. Updated forced air gas heating installed in 2012 ensures efficient operation. This property promises both immediate income and long-term value. Don't miss out – seize this lucrative investment today!
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Highlights
- Cooling: Window Unit(s)
- Property Class: Residential Income
- Total Rooms: 22
- Status: Closed
- Heating: Forced Air, Natural Gas
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1920
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Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator
- Construction: Frame
- Foundation: Concrete Perimeter
- Lot Features: Other
- Roof: Shingle
- Year Built Details: Actual
- Zoning: Br
- Basement: Full
- Flooring: Wood
- Interior Features: Lead Certification Available, Living Room, Kitchen
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Marina
- Waterfront Features: Beach Front, 1 to 2 Mile To Beach
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Utilities
- Electric: 110 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,008,800
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2023
- Total Rent: $11,600
- Buyer Agent Compensation: 2%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $12,489
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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 eXp Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
