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Horvath & Tremblay, Dennis Kelleher
Local Realty Services Provided By:
Keller Williams Realty Boston
Overview
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Neighborhood
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9-11 & 25 Williams & Division St, Chelsea, MA 02150
8 Beds
6 Baths
9-11 & 25 Williams & Division St, Chelsea, MA 02150
Estimation provided by Keller Williams Realty Inc.
8 Beds
6 Baths
Active
For Sale
Property Description
9-11 Williams Street & 25 Division Street is a five unit mixed-use building comprised of one commercial unit on the first floor leased to El Carriel Bar, and four 2-Bedroom/1-Bathroom units. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer and the commercial unit reimburses 66.67% of this expense (from 9-11 Williams and 23 Division only). The building has been well maintained during ownership. El Carriel has been at this location since 2018 and just exercised a 5-year renewal option, demonstrating their commitment to the site and the market. Their lease calls for attractive annual increases in rent, protecting against rising operating expenses and providing a hedge against inflation.
Property Details
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Overview
Property Type
5-9 Family
Property Size
Year Built
1900
Days on Site
160 Days
Parking
No
Activity History
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Estimated Monthly Payment
Purchase Price:
$1,350,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
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Price & Tax History
Date
Event
Price
10/17/2024
Listed
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Transit & Commute
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Very Walkable
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