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7-20 Hy-Sil Ave 16 Unit Apartment Building $4,195,000 ($262,188/Unit) 6.85% Cap Rate 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 7 & 20 Hy-Sil Ave, a 16-unit, 14,478-square-foot brick apartment building in Chelsea, Massachusetts, directly across the Mystic River from downtown Boston. Built in 1978 and set on a 0.153-acre lot with an off-street parking lot, the property is offered at $4,250,000 — $265,625 per unit and $293.55 per square foot.
The rent roll is entirely residential: nine one-bedrooms averaging 700 square feet, four two-bedrooms at 900, and three three-bedrooms at 1,100. Tenants carry their own electric baseboard heat, holding owner-paid expenses to water and sewer, trash, and internet and security.
In-place gross scheduled rent runs $421,200, supporting net operating income of $287,185 — a 6.8% cap rate at the asking price. Marking the remaining units toward market lifts scheduled rent to $453,600 and NOI to $320,254, a 7.54% pro forma yield, with management underwritten at 4% of effective income.
7 & 20 Hy-Sil Ave offers a stabilized multifamily investment with a going-in yield near 7%, a clear path to 7.54% as leases turn, and light owner utility exposure. Coin-op laundry and a rooftop leased to three wireless carriers add ancillary income. It is stabilized income today with room to grow — minutes from Boston.
All interested and qualified parties will have the opportunity to obtain additional information upon request.
The rent roll is entirely residential: nine one-bedrooms averaging 700 square feet, four two-bedrooms at 900, and three three-bedrooms at 1,100. Tenants carry their own electric baseboard heat, holding owner-paid expenses to water and sewer, trash, and internet and security.
In-place gross scheduled rent runs $421,200, supporting net operating income of $287,185 — a 6.8% cap rate at the asking price. Marking the remaining units toward market lifts scheduled rent to $453,600 and NOI to $320,254, a 7.54% pro forma yield, with management underwritten at 4% of effective income.
7 & 20 Hy-Sil Ave offers a stabilized multifamily investment with a going-in yield near 7%, a clear path to 7.54% as leases turn, and light owner utility exposure. Coin-op laundry and a rooftop leased to three wireless carriers add ancillary income. It is stabilized income today with room to grow — minutes from Boston.
All interested and qualified parties will have the opportunity to obtain additional information upon request.
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Property Facts
| Price | $4,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $262,188 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.85% | Building Size | 14,478 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Zoning | R1, Chelsea | ||
| Price | $4,195,000 |
| Price Per Unit | $262,188 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| No. Units | 16 |
| 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
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 4 | - | - |
| 3+1 | 3 | - | - |
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 | $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
Contacts
-
Francis Saenz -
Drew Kirkland -
James Casey -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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7-20 Hy-Sil Ave
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