Multi-Family for Sale: 416 Crescent Ave, Chelsea, MA 02150 SOLD

2 beds
2 full baths
1,771 sqft
$550,000
$550,000
416 Crescent Ave, Chelsea, MA 02150 SOLD
2 beds
2 full baths
1,771 sqft
$550,000
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Selling Price: $550,000
Original List Price: $599,990
Sold at 91.7% of list price
Sold Date: 11/01/2023

Type Multi-Family
Beds 2
Total Baths 2 full baths
Square Feet 1,771 sqft
Lot Size 0.03 acres
Year Built 1900

City Chelsea
County Suffolk

MLS 73134695
Status Closed
DOM 113 days
Investors take notice. Numbers work on this one. Mixed-use 2-fam. Property has been gone through and rents and zoning have been stabilized, open permits closed, all liens paid and all bills now current. Ready for new owner. Commercial space downstairs is successful, large take-out restaurant/convenience store. Current rent is $2100 with a long term lease that goes up to $2800. Central AC and lots of storage in basement. Upstairs rental is leased for $2600. Rental unit is a fully gutted 2-bed, gorgeous new kitchen with stainless appliances and granite counters, new bath, flooring, windows, sheetrock, heating, recessed lights, paint. Laundry for upstairs unit included. Both tenants pay all of their own utilities. Current gross rent is $56,400/yr and scheduled to increase to $64,800/yr+ The numbers make sense on this one, fully turn-key and the best deal in town.

Lot & Building Features

Sewer Public Sewer
Tax Year 2023
Taxes Paid $8,577
Water Public
Foundation Other
Full Baths 2
Total Rooms 6
Basement Feature Bulkhead
Garage Spaces 0

Price History of 416 Crescent Ave, Chelsea, MA

Date Name Price Difference
09/23/2023 Price Adjustment $550,000 6.78%
09/13/2023 Price Adjustment $589,990 1.67%
07/11/2023 Listing Price $599,990 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 416 Crescent Ave, Chelsea, MA

Location Map Street View
Photo of Carmen Iannuccilli
Direct: 508-269-8754
Office
240 Ocean Blvd
Seabrook Beach, NH 03874
603-474-3401
Listed by Boston Realty Consultants, Inc, David Gradus
Sold by Coldwell Banker Realty - Haverhill, Michelle Tenaglia
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Boston Realty Consultants, Inc

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