238 Chelsea St, Everett, MA, 02149
Property Details
26
26
multi family
Description
Multi Family in Everett, MA - Bedrooms: 26 - Bathrooms: 26 - Area: 15372 sqft - Year Built: 1970 - Lot: 14810 sqft
Listing Agent: Drew Kirkland Brokerage: Northeast Private Client Group, LLC
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
Address
238 Chelsea St, Everett, MA, 02149
City
Everett
Features and Finishes
Bedrooms: 26, Total Rooms: 38, Total Bathrooms: 26, Full Bathrooms: 26, Lot Description: Gentle Sloping, Lot Size Acres: 0.3399908, Lot Size Square Feet: 14810, Parking Total: 18, Gross Income: 44880, Number of Units: 26, Annual Tax Amount: 42114, Source Listing Status: Active, County: Middlesex, Directions: GPS, Tax Year: 2025, Source Property Type: Residential Income, Home Warranty: No, Parcel Number: 483854, Zoning: DD, Property Subtype: 5+ Family - 5+ Units Up/Down, Net Operating Income: 44880, Total Square Feet Living: 15372, Year Built: 1970, Above Grade Finished Area: 15372, Building Area Total: 15372, Building Area Units: Square Feet, Foundation Details: Concrete Perimeter, Levels: 3, Property Age: 56, Levels or Stories: 3, Building Total Stories: 3, Year Built Details: Actual, Year Built Source: Public Records, Sewer: Public Sewer, Water Source: Public, two or more stories, rental property, big lot
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