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7-20 Hy-Sil Ave
Chelsea, MA 02150
Multifamily Property For Sale
·
17 Units
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 Per Unit | $261,176 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| No. Units | 17 | Building Size | 14,478 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1978 |
| Apartment Style | Low-Rise | Parking Ratio | 1.18/1,000 SF |
| Zoning | R1, Chelsea | ||
| Price Per Unit | $261,176 |
| 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 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,700,000 | |
| Land Assessment | $800,200 | Total Assessment | $3,500,200 |
Property Taxes
Parcel Numbers
Land Assessment
$800,200
Improvements Assessment
$2,700,000
Total Assessment
$3,500,200
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