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$ 7,250,000
Est. payment | /mo
26 Beds
26 Baths
15,372 SqFt
$ 7,250,000
Est. payment | /mo
26 Beds
26 Baths
15,372 SqFt
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 15,372 sqft
Price per Sqft $471
MLS Listing ID 73479682
Bedrooms 26
Full Baths 26
Year Built 1970
Annual Tax Amount $42,114
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Pleased to present the Chelsea Street Apartments are 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) One bedroom 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.
Location
State MA
County Middlesex
Zoning DD
Direction GPS
Exterior
Total Parking Spaces 18
Garage No
Building
Lot Description Gentle Sloping
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Northeast Private Client Group, LLC
Nearby Locations
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