$8,100,000
148 Park & Pearl St Chelsea, MA 02150
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$8,100,000
Est. payment /mo
55 Beds
30 Baths
24,219 SqFt
UPDATED:
10/15/2024 01:01 PM
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Pending
Purchase Type For Sale
Square Footage 24,219 sqft
Price per Sqft $334
MLS Listing ID 73281006
Bedrooms 55
Full Baths 30
Year Built 1900
Annual Tax Amount $77,895
Tax Year 2024
Lot Size 10,454 Sqft
Acres 0.24
Property Description
The Park & Pearl Portfolio is comprised of 3 multi-family buildings and contains 30 residential units comprised of (4) 3-Bedroom/1-Bathroom units, (17) 2-Bedroom/1-Bathroom units, and (9) 1-Bedroom/1-Bathroom units. Since acquisition of the assets in 2017 & 2021, current ownership has completed numerous capital upgrades including a majority of units featuring new, Navien tankless systems for individual heat and hot water (gas) as well as some upgrades to the unit’s interiors. 148 Park Street/155 Pearl St contains (7) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. 156-160 Park Street contains (4) 3-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom units, and (1) 1-Bedroom/1-Bathroom unit. 161-165 Park Street contains (6) 2-Bedroom/1-Bathroom units and (3) 1-Bedroom/1-Bathroom units. Through programmatic renovations to the assets, the opportunity exists to substantially raise market rents in a high demand, up-and-coming rental sub-market.
Location
State MA
County Suffolk
Zoning R2
Direction Multiple Buildings, Please Use GPS
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
Waterfront false
Roof Type Rubber
Garage No
Building
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Horvath & Tremblay
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