267 Broadway - Apartments FOR SALE


Chelsea, MA 02150- Belingham Square
$10,415,000 USD
781-718-9268
267 Broadway, Chelsea, MA for Sale
$10,415,000 USD
Apartments - FOR SALE
1/12
null | 5.79% Cap Rate

267 Broadway
Chelsea, MA 02150
Belingham Square


HIGHLIGHTS

  • 17-Units including 16 Apartments & 1 Retail Suite on the end of Broadway & Congress Ave. in Chelsea, MA
  • New brick ground up section and new gut-rehab of brick mixed use building
  • Large 1-Bedroom apartmemts with stainless appliances, granite counters, ample storage and engineered flooring
  • Retail tenant on a new NNN lease on Ground level with Parking
  • All seperated Metered Electric and Gas with New High-efficient heat pumps for Heat/AC
  • Less than 4.5 miles (10-min) to Boston via Highway along with MBTA available outside the Building

OVERVIEW

ABOUT THE INVESTMENT • 16 Apartments | 1 Retail Suite on the end of Broadway & Congress Ave. • New brick ground up section and new gut-rehab of brick mixed use building • Elevator and fully sprinklered • Large one bedroom apartment units • Retail fully leased with extremely rare retail cannabis license • Two level retail suite includes lower-level storage/assembly space • Stainless steel appliances, premium vinyl plank flooring, granite countertops, solid wood/soft-close cabinets • All new high efficiency, in-unit, electric heat pumps for heat/AC • Electricity separately metered • Enterprise Zone • 8-Parking spaces on-site ABOUT THE LOCATION • 0.5 Miles from Chelsea Station – walk to direct access to both North and South Station, Boston • Bus Stop directly on block. • 3 Miles from Downtown Boston. 10-Minute Drive to Boston Logan International Airport. • Minutes from Local Popular Dining and Shopping Options

FOR SALE DETAILS

PRICE

$10,415,000 USD

PRICE/SF

$592 USD /SF

# OF UNITS

17

PRICE/UNIT

$612,647

CAP RATE

5.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carole Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

BR

APN/PARCEL ID

CHEL-000029-000000-000036

ASK ABOUT THIS PROPERTY

Matthew PierceMarcus & MillichapMore Info
781-718-9268

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Matthew PierceMarcus & MillichapMore Info
781-718-9268

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