1. Massachusetts
  2. Chelsea
  3. 23-25 Division St
$1,295,000

23-25 Division St, Chelsea, MA 02150

  • 8 beds |
  • 6 baths |
  • 3,435 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $377/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
March 31, 2025 at 05:00AM
Listing Office:
Horvath & Tremblay : 781-776-4000
Listing Agent:
Kelleher - Pentore Team : 781-776-4002
MLS ID:
73352092
  • Fireplace: Fireplaces: 0

This listing courtesy of Kelleher - Pentore Team, Horvath & Tremblay

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Shurtleff Early Childhood

99 Hawthorne St, Chelsea, MA, 02150

Grades PK-1

0.23 miles away

J

Joseph A. Browne School

180 Walnut St, Chelsea, MA, 02150

Grades 5-8

0.41 miles away

C

Chelsea Opportunity Academy

299 Everett Ave, Chelsea, MA, 02150

Grades 10-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.