Log In/Sign Up
Your email has been sent.
Carole Building 267 Broadway 17 Unit Apartment Building $10,415,000 ($612,647/Unit) 5.79% Cap Rate Chelsea, MA 02150
INVESTMENT HIGHLIGHTS
- 17-Units including 16 Apartments & 1 Retail Suite on the end of Broadway & Congress Ave. in Chelsea, MA
- Large 1-Bedroom apartmemts with stainless appliances, granite counters, ample storage and engineered flooring
- All seperated Metered Electric and Gas with New High-efficient heat pumps for Heat/AC
- New brick ground up section and new gut-rehab of brick mixed use building
- Retail tenant on a new NNN lease on Ground level with Parking
- Less than 4.5 miles (10-min) to Boston via Highway along with MBTA available outside the Building
EXECUTIVE SUMMARY
ABOUT THE INVESTMENT
• 16 Apartments & 1 NNN Retail Suite on the corner of Broadway & Congress Ave.
• New brick ground up section and new gut-rehab of brick mixed use building
• Elevator and fully sprinklered
• Large one bedroom apartment units
• Retail fully leased with extremely rare retail cannabis license
• Two level retail suite includes lower-level storage/assembly space
• Stainless steel appliances, premium vinyl plank flooring, granite countertops, solid wood/soft-close cabinets
• All new high efficiency, in-unit, electric heat pumps for heat/AC
• Electricity separately metered
• Enterprise Zone
• 8-Parking spaces on-site
ABOUT THE LOCATION
• 0.5 Miles from Chelsea Station – walk to direct access to both North and South Station, Boston
• Bus Stop directly on block.
• 3 Miles from Downtown Boston. 10-Minute Drive to Boston Logan International Airport.
• Minutes from Local Popular Dining and Shopping Options
• 16 Apartments & 1 NNN Retail Suite on the corner of Broadway & Congress Ave.
• New brick ground up section and new gut-rehab of brick mixed use building
• Elevator and fully sprinklered
• Large one bedroom apartment units
• Retail fully leased with extremely rare retail cannabis license
• Two level retail suite includes lower-level storage/assembly space
• Stainless steel appliances, premium vinyl plank flooring, granite countertops, solid wood/soft-close cabinets
• All new high efficiency, in-unit, electric heat pumps for heat/AC
• Electricity separately metered
• Enterprise Zone
• 8-Parking spaces on-site
ABOUT THE LOCATION
• 0.5 Miles from Chelsea Station – walk to direct access to both North and South Station, Boston
• Bus Stop directly on block.
• 3 Miles from Downtown Boston. 10-Minute Drive to Boston Logan International Airport.
• Minutes from Local Popular Dining and Shopping Options
PROPERTY FACTS
| Price | $10,415,000 | Building Class | B |
| Price Per Unit | $612,647 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 17,600 SF |
| Cap Rate | 5.79% | No. Stories | 3 |
| No. Units | 17 | Year Built/Renovated | 1930/2021 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | BR | ||
| Price | $10,415,000 |
| Price Per Unit | $612,647 |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 17,600 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2021 |
| Opportunity Zone |
Yes |
| Zoning | BR |
1 1
Walk Score®
Walker's Paradise (97)
PROPERTY TAXES
| Parcel Number | CHEL-000029-000000-000036 | Improvements Assessment | $3,061,600 |
| Land Assessment | $250,300 | Total Assessment | $3,311,900 |
PROPERTY TAXES
Parcel Number
CHEL-000029-000000-000036
Land Assessment
$250,300
Improvements Assessment
$3,061,600
Total Assessment
$3,311,900
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Carole Building | 267 Broadway
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.