Chelsea, MA 02150,132-134 Cottage St
Chelsea, MA 02150,132-134 Cottage St
Chelsea, MA 02150,132-134 Cottage St
Chelsea, MA 02150,132-134 Cottage St
Chelsea, MA 02150,132-134 Cottage St
Chelsea, MA 02150,132-134 Cottage St
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$1,200,000

$1,150,000

4.3%
Est.Price: ?

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Est. payment /mo

10 Beds

4 Baths

4,496 SqFt


SOLD DATE : 04/28/2023

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type 4 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,496 sqft

Price per Sqft $266

MLS Listing ID 73082151

Sold Date 04/28/23

Bedrooms 10

Full Baths 4

Year Built 1920

Annual Tax Amount $13,930

Tax Year 2023

Lot Size 5,662 Sqft

Acres 0.13

Property Description

132-134 Cottage Street is a four unit multi-family building comprised of two, 2-Bedroom/1-Bathroom units and two, 3-Bedroom/1-Bathroom units with 4,496 square feet of living area in 8,112 total square feet on a 0.139-acre parcel listed at a 7.31% cap rate on current income. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly while the landlord is responsible for domestic water and sewer, which has been sub-metered so that the expense can be passed on to the tenants. The building has been well maintained during ownership. Building amenities include a coin-op laundry room, three on-site garages and additional off-street parking in front of the garage spaces. While the building is typically fully occupied, the opportunity exists to drive rental rates through programmatic upgrades and renovations to the kitchens and bathrooms in all units, allowing the incoming owner to maximize rents in a supply constrained market.

Location

State MA

County Suffolk

Zoning Res

Direction Last right on Highland St heading towards Bellingham Hill Park.

Rooms

Basement Unfinished

Interior

Appliance Washer, Dryer, Gas Water Heater

Laundry Laundry Room

Exterior

Garage Spaces 3.0

Community Features Public Transportation, Shopping, Park, Highway Access, T-Station, Other

Roof Type Rubber

Total Parking Spaces 9

Garage Yes

Building

Lot Description Corner Lot

Story 6

Foundation Other

Sewer Public Sewer

Water Public

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Listed by Horvath & Tremblay
Bought with Gustavo Veloz • COM-PRO Real Estate Services, Inc
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+1(774) 245-3080

christopher@modernmoves.com

Licensed in MA & NH, United States

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