18 Suffolk St - Apartments FOR SALE


Chelsea, MA 02150- Belingham Square | 
$1,090,000 USD
781-396-1010
18 Suffolk St, Chelsea, MA for Sale
$1,090,000 USD
Apartments - FOR SALE
1/23
null | 5.11% Cap Rate

18 Suffolk St
Chelsea, MA 02150
Belingham Square


HIGHLIGHTS

  • Well maintained.
  • Close to Logan International Airport
  • Convenient location

OVERVIEW

This townhouse property is perfect for an owner occupant or investor wanting plenty of space and quality finishes within a multifamily property. Unit #1 (currently vacant and digitally staged in photography) has three bedrooms (or two with a finished basement), and with two full baths with natural stained doors and trim. The second larger unit is a two bedroom townhouse, and the third is a one bedroom "walk in" apartment at grade. The combination of sizes make it perfect for extended family or for additional income. Suffolk Street has seen significant investment in recent years. Many of the homes have been newly built or renovated, and are getting premium rents up to $3,200 because of its convenient waterfront location. This property was previously three condominiums. The buyer may want to recreate the association with the document package that was used previously. This option provides added value upon eventual resale. Or, leave it "as is" as a three unit multifamily property. Please see a related property at 65 Woodlawn Avenue, Chelsea. This five unit property is owned by the same entity giving the purchaser the option for a larger acquisition package. The property manager, owner, and broker of both are Mastrocola Management, Inc. This will assist in a fast and efficient purchase negotiation.

FOR SALE DETAILS

PRICE

$1,090,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

3

PRICE/UNIT

$363,333

CAP RATE

5.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

R3

APN/PARCEL ID

CHEL-000012-000000-000048

ASK ABOUT THIS PROPERTY

Ron MastrocolaMastrocola Management IncMore Info
781-396-1010

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Ron MastrocolaMastrocola Management IncMore Info
781-396-1010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.