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Chelsea Street Apartments 238 Chelsea St 26 Unit Apartment Building $11,156,000 CAD ($429,077 CAD/Unit) Everett, MA 02149
Investment Highlights
- 26-Unit Multifamily Property
- Off-Street Parking & Coin Op Laundry
- New Roof
- (20) Studios and (6) One Bedroom units
- Built in 1970
Executive Summary
Northeast Private Client Group is pleased to present the Chelsea Street Apartments located at 238 Chelsea Street in Everett, MA.
Directly north of Boston, close proximity to Route 1, easy access to MBTA (Orange Line) & Chelsea Train Station. This fully deleaded 3-story brick building built in 1970 sits on a 0.34 acre (14,810 SF) lot. Consisting of (20) studio apartments & (6) Onebedroom units. Tenants enjoy off-street parking and coin-op laundry. Located less than 2 miles from Wynn Casino and down the street from new developments including The Pioneer, Jade, Anthem Everett etc.
There is a significant opportunity to bring rents up to market across the board. Currently, the building average for studio apartments is $1,674 a month compared to the fair market rent for a studio in Everett of $2,359, a difference of $685 per unit per month. The building average for one-bedroom apartments is $1,838 a month compared to the fair market rent for a one bedroom in Everett of $2,475, a difference of $637 per unit per month.
All interested and qualified parties will have an opportunity to tour the property during scheduled appointments and obtain additional information upon request.
Directly north of Boston, close proximity to Route 1, easy access to MBTA (Orange Line) & Chelsea Train Station. This fully deleaded 3-story brick building built in 1970 sits on a 0.34 acre (14,810 SF) lot. Consisting of (20) studio apartments & (6) Onebedroom units. Tenants enjoy off-street parking and coin-op laundry. Located less than 2 miles from Wynn Casino and down the street from new developments including The Pioneer, Jade, Anthem Everett etc.
There is a significant opportunity to bring rents up to market across the board. Currently, the building average for studio apartments is $1,674 a month compared to the fair market rent for a studio in Everett of $2,359, a difference of $685 per unit per month. The building average for one-bedroom apartments is $1,838 a month compared to the fair market rent for a one bedroom in Everett of $2,475, a difference of $637 per unit per month.
All interested and qualified parties will have an opportunity to tour the property during scheduled appointments and obtain additional information upon request.
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Property Facts
| Price | $11,156,000 CAD | Building Class | C |
| Price Per Unit | $429,077 CAD | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 16,500 SF |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | DD | ||
| Price | $11,156,000 CAD |
| Price Per Unit | $429,077 CAD |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 16,500 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | DD |
Amenities
Site Amenities
- Laundry Facilities
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | EVER-000000-L000007-000111 | Improvements Assessment | $2,610,953 CAD |
| Land Assessment | $2,530,856 CAD | Total Assessment | $5,141,809 CAD |
Property Taxes
Parcel Number
EVER-000000-L000007-000111
Land Assessment
$2,530,856 CAD
Improvements Assessment
$2,610,953 CAD
Total Assessment
$5,141,809 CAD
Contacts
-
Drew Kirkland -
Francis Saenz -
James Casey -
Anthony Rakauskas -
Northeast Private Client Group
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Chelsea Street Apartments | 238 Chelsea St
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