MA > Chelsea
Chelsea, MA 02150,23-25 Division St
Chelsea, MA 02150,23-25 Division St
Chelsea, MA 02150,23-25 Division St
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$1,295,000
Est. payment /mo
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8 Beds
5 Baths
3,435 SqFt
Active

23-25 Division St Chelsea, MA 02150

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Molly Smith

Molly Smith

+1(508) 980-9042

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Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,435 sqft

Price per Sqft $377

MLS Listing ID 73352092

Bedrooms 8

Full Baths 4

Half Baths 2

Year Built 1900

Annual Tax Amount $18,235

Tax Year 2025

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type 5-9 Family

Property Description

23-25 Division St is a five unit mixed-use building comprised of one commercial unit on the first floor leased to El Carriel Bar, and four 2-Bedroom/1-Bathroom units. The building's utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer and the commercial unit reimburses 66.67% of this expense (from 9-11 Williams/23 Division only). The building has been well maintained during ownership. El Carriel has been at this location since 2018 and just exercised a 5-year renewal option, demonstrating their commitment to the site and the market. Their lease calls for attractive annual increases in rent, protecting against rising operating expenses and providing a hedge against inflation.

Location

State MA

County Suffolk

Zoning W

Direction Please use GPS

Exterior

Waterfront Description 1/2 to 1 Mile To Beach

Roof Type Rubber

Garage No

Building

Lot Description Corner Lot

Story 5

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Horvath & Tremblay

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agent

Molly Smith

Agent

+1(508) 980-9042

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23-25 Division St

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