NOT LISTED FOR SALE
9 Beds
5 Baths
4,480 Sq Ft
9,000 Sq Ft Lot

Last Sold January 31, 2024

Last sale price $1,320,000 $295 Per Sq Ft

22 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Park
  • 0.21 Acre Lot
  • Cooling Available
  • 4-minute walk to Eden Street Park

About This Home

As of January 2024

**EXCELLENT INVESTMENT OPPORTUNITY**Rare well-proportioned 4-unit building rehabbed and renovated over last 3 years to become a CASH COW in Chelsea’s highly desirable Cary Square! Steps from downtown Chelsea, this exceptionally well-cared-for behemoth sits on an impressive *almost* quarter acre lot (9,000 SqFt), offering usable outdoor areas, 4 off-street parking spaces AND A TWO CAR GARAGE, for up to 6 spaces total! Distinctive Mansard architecture compliments exterior & curb appeal, while all interior units boast sensible spacious layouts, soaring high ceilings, large bedrooms and more! Units #4 & #2 shine the brightest after 2020/2021 gut renovations; complete w/new kitchens, baths, flooring, W&D, lighting, electrical+plumbing. Common stairways filled w/elegant wood crafted details. Phenomenal rent rolls @ $9,800 per month ($117,600 per yr!) with plenty of room further maximize rev. A must see property that rents itself. True pride of ownership shows, not to be missed!

Last Agent to Sell the Property

Ben Barrett

Benjamin Barrett Listed on: 12/06/2023

Last Buyer's Agent

Maria Pena

Pena Realty Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,438

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 9,000 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 4,480 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • 3 Heating Zones
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $9,800
  • Rent includes unit 1(heat water), unit 2(water), unit 3(water), unit 4(heat water)
  • Assessor Parcel Number M:048 P:075,1288140

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $117,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,438

Year Built

Built in 1900 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Property Condition: Unit 2 Remodeled, Unit 4 Remodeled
  • Year Built: 1900
  • Buyer Agency: 2.0
  • Transaction Broker: 1.0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Unit 1(undefined), Unit 2(Tile Floor)
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 2(Upgraded Cabinets,Upgraded Countertops,Bathroom with Shower Stall,Internet Available - Broadband), Unit 4(Stone/Granite/Solid Counters,Upgraded Countertops,Open Floor Plan), Unit 1 Rooms(Living Room,Kitchen,Living RM/Dining RM Combo,Mudroom,Office/Den), Unit 2 Rooms(Living Room,Kitchen,Office/Den,Sunroom), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen,Mudroom)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer,Vent Hood), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator)
  • Total Bedrooms: 9
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Laundry Features: Unit 1 Laundry Room
  • Basement: Full, Finished, Interior Entry, Concrete
  • Living Area: 4480
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AC1873
  • LIST PRICE PER Sq Ft: 306.92
  • PRICE PER Sq Ft: 294.64
  • MAIN SO: AN3959

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 4(Window AC)
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Radiators), Unit 3(Hot Water Radiators), Unit 4(Hot Water Baseboard)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station
  • Rent Includes: Unit 1(Heat,Water), Unit 2(Water), Unit 3(Water), Unit 4(Heat,Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:048 P:075,1288140
  • Zoning: R-3
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 9000
  • Lot Size Units: Acres
  • PAGE: 75
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12438
  • Tax Book Number: 64315

Multi Family

  • Gross Income: 9800
  • Net Operating Income: 117600
  • Number Of Units Total: 4
  • Total Actual Rent: 9800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $1,320,000 -4.0% $295 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $1,375,000 +44.7% $307 / Sq Ft
12/04/2020 12/04/20 Sold $950,000 -11.2% $212 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
09/11/2020 09/11/20 Price Changed $1,070,000 -10.8% $239 / Sq Ft
08/12/2020 08/12/20 For Sale $1,200,000 -- $268 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73185664

MLS Property Information Network (MLS PIN)

APN: CHEL M:048 P:075