Sold for $1,525,000

$1,525,000

116-118 Cottage St, Chelsea, MA 02150

14beds

5,336sqft

4 Family - 4 Units Side by Side

Built in 1920

-- sqft lot

$-- Zestimate^®

$286/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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$7,273/mo

Est. payment

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$7,273/mo

Est. payment

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What's special

Lg walkout basement

ATTENTION INVESTORS: Massive 4 Family w/a 2 Car Detached Garage and 5336 sf of living space, offering enormous potential for increased revenue! Living area is comparable to a 5-6 fam. This well maintained home has had the same owners for 27 years and shows pride of ownership. Units have been updated thru the years including K & B's, along w/exterior & interior improvements. (3) boilers updated, newer H20 tanks, 2nd fl units have CB sub panels, lg walkout basement, add'l 2 car tandem pkg spaces and composite deck in the rear. (2) units delivered vacant & Owners unit once housing is obtained. see attached proforma for market rents & income potential. Separate Utilities, Layouts: #118 & 116-#2 are 4 Br's, 1 BA, Living rm, dining area, Fin EP, Units 118 & 116# 1 are 3 Br's, 1 BA, Living rm, dining area, EP's. Just a short walk to public transportation- Bus:112, Silver line & Commuter Rail. Easy access to Logan, 1A, Rte 16, Downtown Boston and more

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard, Natural Gas, Hot Water, Oil, Individual

Cooling

None

Appliances

Included: Range, Microwave, Refrigerator, Dishwasher, Range Hood, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher
Laundry: Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup

Features

Pantry, Bathroom With Tub & Shower, Remodeled, Ceiling Fan(s), Living Room, Dining Room, Kitchen
Flooring: Vinyl, Carpet, Laminate, Wood, Parquet
Windows: Insulated Windows
Basement: Full,Walk-Out Access,Interior Entry,Concrete,Unfinished
Has fireplace: No

Interior area

Total structure area: 5,336
Total interior livable area: 5,336 sqft

Property

Parking

Total spaces: 4
Parking features: Shared Driveway, Off Street
Garage spaces: 2
Uncovered spaces: 2

Features

Patio & porch: Enclosed, Deck
Waterfront features: Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)

Lot

Size: 6,000 sqft
Features: Gentle Sloping

Details

Parcel number: 1287418
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: 4 Family - 4 Units Side by Side

Materials

Frame
Foundation: Block, Brick/Mortar
Roof: Other

Condition

Year built: 1920

Utilities & green energy

Electric: Circuit Breakers, Individually Metered
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Electric Dryer, Washer Hookup

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Park, Highway Access, Public School

Location

Region: Chelsea

HOA & financial

Other financial information

Total actual rent: 2700

Other

Other facts

Listing terms: Contract

Price history

Date	Event	Price
12/19/2024	Sold	$1,525,000-1.6%$286/sqft
Source: MLS PIN #73308315 Report a problem
11/9/2024	Contingent	$1,550,000$290/sqft
Source: MLS PIN #73308315 Report a problem
10/31/2024	Listed for sale	$1,550,000$290/sqft
Source: MLS PIN #73308315 Report a problem