416 Crescent Ave Chelsea, MA 02150
Listing Courtesy of: MLS PIN / Boston Realty Consultants, Inc / David Gradus

  416 Crescent Ave Chelsea, MA 02150

Sold (92 Days)
$550,000
2
BED
2
BATH
1,771
SQFT

Description

Investors take notice. Numbers work on this one. Mixed-use 2-fam. Property has been gone through and rents and zoning have been stabilized, open permits closed, all liens paid and all bills now current. Ready for new owner. Commercial space downstairs is successful, large take-out restaurant/convenience store. Current rent is $2100 with a long term lease that goes up to $2800. Central AC and lots of storage in basement. Upstairs rental is leased for $2600. Rental unit is a fully gutted 2-bed, gorgeous new kitchen with stainless appliances and granite counters, new bath, flooring, windows, sheetrock, heating, recessed lights, paint. Laundry for upstairs unit included. Both tenants pay all of their own utilities. Current gross rent is $56,400/yr and scheduled to increase to $64,800/yr+ The numbers make sense on this one, fully turn-key and the best deal in town.

MLS #:
73134695
Taxes
$8,578(2023)
Lot Size
1,411 SQFT
Type
Multifamily
Year Built
1900
County
Suffolk County

Listed By

David Gradus, Boston Realty Consultants, Inc
Bought with
Michelle Tenaglia
Source
MLS PIN
Last checked May 29 2025 at 8:22 PM GMT+0000
Bathroom Details
Lot Information
  • Corner Lot
Property Features
  • Fireplace: 0
  • Foundation: Other
Basement Information
  • Bulkhead
Utility Information
  • Sewer: Public Sewer
Stories
  • 3
Living Area
  • 1,771 sqft
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