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7-20 Hy-Sil Ave 17 Unit Apartment Building $6,293,389 CAD ($370,199 CAD/Unit) Chelsea, MA 02150
Investment Highlights
- 16-Unit Apartment Building | Recent Capital Improvements
- Tenant Paid Utilities | Off-street Parking | Coin-op Laundry
- (9) One bedroom, (4) Two Bedroom & (3) Three Bedroom Units
Executive Summary
Northeast Private Client Group is pleased to present The Hy-Sil Apartments, a 16-unit apartment complex located at 7 & 20 Hy-Sil Avenue in Chelsea, Massachusetts.
The Hy-Sil Apartments are comprised of (9) one bedroom, (4) two bedroom and (3) three bedroom units. Tenants are responsible for their own electric which is the source of heat & hot water. There is ample off-street parking and on-site coinop laundry. The majority of units have been renovated, offering updated interiors that enhance rental upside and minimize near-term capital expenditure requirements. Located just minutes from Downtown Boston, the property offers exceptional connectivity to Route 1, public transportation, and close proximity to Revere Beach and Logan International Airport. The surrounding area continues to experience strong rental demand driven by its accessibility, relative affordability compared to core Boston neighborhoods, and ongoing regional growth.
All interested and qualified parties will have the opportunity to walk the premise and obtain additional information upon request.
The Hy-Sil Apartments are comprised of (9) one bedroom, (4) two bedroom and (3) three bedroom units. Tenants are responsible for their own electric which is the source of heat & hot water. There is ample off-street parking and on-site coinop laundry. The majority of units have been renovated, offering updated interiors that enhance rental upside and minimize near-term capital expenditure requirements. Located just minutes from Downtown Boston, the property offers exceptional connectivity to Route 1, public transportation, and close proximity to Revere Beach and Logan International Airport. The surrounding area continues to experience strong rental demand driven by its accessibility, relative affordability compared to core Boston neighborhoods, and ongoing regional growth.
All interested and qualified parties will have the opportunity to walk the premise and obtain additional information upon request.
Property Facts
| Price | $6,293,389 CAD | Building Class | C |
| Price Per Unit | $370,199 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 14,478 SF |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R1, Chelsea | ||
| Price | $6,293,389 CAD |
| Price Per Unit | $370,199 CAD |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 14,478 SF |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | R1, Chelsea |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 8 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,827,061 CAD | |
| Land Assessment | $1,134,228 CAD | Total Assessment | $4,961,289 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,134,228 CAD
Improvements Assessment
$3,827,061 CAD
Total Assessment
$4,961,289 CAD
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7-20 Hy-Sil Ave
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