$6,900,000 218-230 Broadway Chelsea, MA

MLS: 73023839   Type: Multi-Family   County: Suffolk   City: Chelsea   Zip: 02150   Style: 5-9 Family   # Rooms: 36    Stories: 10   Taxes: $52,259

Mortgage $32,394 /mo



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218-230 Broadway is a mixed use investment property consisting of a three story building containing a total of 22 units, including 4 retail units (all of which are leased) and 18 residential apartments made of 12 one bedroom/one bathroom units and 6 two bedroom/one bathroom units. The property is well located along Broadway, the area's primary commercial corridor in the heart of downtown Chelsea, a high density, urban infill city, just north of downtown Boston. All of the residential units were renovated in 2011. Several of the residential units offer upside bringing rents to market rates. Additionally, two of the retail units (218&224) offer upside by increasing below market rents to market rents upon lease renewal. Each retail unit is seperatley metered for electric, gas (heat/hot water) and water and sewer. The residential units are seperately metered for electricity, which tenants pay directly. The landlord pays for heat, hot water and water and sewer.

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Price History

8/10/2022 Listed $6,900,000

Building Area Units Square Feet
Buyer Agent Compensation 2.5
City Chelsea
Compensation Based On Gross/Full Sale Price
Construction Materials Brick
County Suffolk
Directions located on Broadway between Everett Ave and 2nd Street
Facilitator Compensation 0
Garage Spaces, Detached Garage 0
Garage Y/N No
Grossincome 618694
Interior Features Other (See Remarks)
Lot Size Square Feet 12377
Net Operating Income 439738
Operatingexpense 178956
Property SubType 5-9 Family
Property Type Residential Income
Roof Rubber
Sewer Public Sewer
Showing Instructions Call List Office
Standard Status Active
Status Active
Street Name Broadway
Sub-Agency Relationship Offered No
Tax Annual Amount 52259.32
Tax Year 2022
TaxAssessedValue 3944100
Total Actual Rent 7550
Total Rooms 36
Total Units 22
Waterfront Y/N No
Year Built 1920
Year Built Details Approximate
Yearbuiltsource Appraiser
Zoning BR

Interior Features

Fireplace Y/N No
Full Baths 22
Half Baths 0
Total Baths 22
Total Bedrooms 18
Total Fireplaces 0
Total Stories 10

Exterior Features

Building Area Total 9999
Covered Spaces 0
Foundation Details Stone
Lot Size Acres 0.28
Lot Size Area 0.28
Lot Size Units Acres
Open Parking Y/N Yes
Parking Features Paved Drive
Total Parking 3
Water Source Public

Property Schools

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Property vs Zip Code Avg (02150)

Price 6.90M Avg 1.48M

Sqr Feet 9,999 Avg 3,410

Cost / Sqr Ft $690 Avg $434

Taxes $52,259 Avg $12,153

Acres 0.28 Avg 0.12

Visits 35 Avg 18

Days on Site 56 Avg 59

Walkscore® 95 Avg 82

Data Provided by Walkscore ® not using MLS data

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Listed By: John Pentore with Horvath & Tremblay.

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Location & Address

Gallagher Real Estate
1763 Northampton St
Holyoke, MA