148 Park & Pearl St , Chelsea, MA 02150
Chelsea, MA 02150
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.
Details
| Mls | 73281006 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 108 |
| Listing Provided By | Horvath & Tremblay | John Pentore |
Features
| Beds | 55 |
|---|---|
| Baths | 30 Total |
| Sq Feet | 24,219 |
| Pool | Yes |
| Storys | 3 |
| Units | 30 |
| Zoning | R2 |
| Acreage | 0.24 |
Market Activity 02150
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Learn More About This Property
| State | MA |
|---|---|
| County | Suffolk |
| City | Chelsea |
| Zip Code | 02150 |
| Area | Suffolk |
| Listing VS Median (in 02150) | |
Price: $8,100,000 low | high Med: $4,350 SqFt: 24,219 low | high Med: 3,300 $ / SqFt: $334 low | high Med: $1 On Site: 108 low | high Med: 61.000000 | |