29 Realty Group, Inc.
Tisia Ciesluk, 29 Realty Group, Inc.Phone: (508) 335-0684
Email: [email protected]
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listing
1 of 34
MultifamilyFor Sale
$8,100,000
148 Park & Pearl St
Chelsea, MA 02150
Courtesy of Horvath & Tremblay - null null
MLS Property Information Network
55Beds
30Baths
24,219Sq Ft
Est. Mortgage
$41,911/mo

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.

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Information courtesy of Horvath & Tremblay is subject to verification and is not guaranteed.
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