9-11 Williams St - Multi-Family FOR SALE


Chelsea, MA 02150- Belingham Square
$1,375,000 USD
617-818-3085
9-11 Williams St, Chelsea, MA for Sale
$1,375,000 USD
Multi-Family - FOR SALE
1/9
null | 7.88% Cap Rate

9-11 Williams St
Chelsea, MA 02150
Belingham Square


HIGHLIGHTS

  • Brick Building
  • A++ Location
  • Upside Potential

OVERVIEW

Rare opportunity to acquire a well-maintained brick mixed-use asset in a highly strategic Chelsea location, only 12 minutes from Logan Airport and 11 minutes from downtown Boston. The property includes a long-standing commercial tenant, El Carriel Bar, on the ground floor with a 1-bedroom residential unit above. The adjacent structure consists of three quality 2-bedroom/1-bath units. All units feature separately metered electricity, heat, and hot water, which tenants pay directly. The owner covers water and sewer, with the commercial tenant reimbursing 66.67% for 9–11 Williams and 23 Division. El Carriel has operated at this location since 2018 and recently exercised a 5-year renewal option with scheduled annual rent increases, providing proven tenant stability and consistent income growth. Continued investment and development in Chelsea further support the property’s long-term upside.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$339 USD /SF

# OF UNITS

5

PRICE/UNIT

$275,000

CAP RATE

7.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1860

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

BR

APN/PARCEL ID

CHEL-000011-000000-000055,CHEL-000011-000000-000056

ASK ABOUT THIS PROPERTY

Yuan HuangNextGen Realty, Inc.More Info
617-818-3085

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Yuan HuangNextGen Realty, Inc.More Info
617-818-3085

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