148 Park & Pearl St Pending Save Request In-Person Tour Request Virtual Tour
Chelsea,MA 02150
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Pending
Purchase Type For Sale
Square Footage 24,219 sqft
Price per Sqft $334
MLS Listing ID 73281006
Bedrooms 55
Full Baths 30
Year Built 1900
Annual Tax Amount $77,895
Tax Year 2024
Lot Size 10,454 Sqft
Acres 0.24
Property 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.
Location
State MA
County Suffolk
Zoning R2
Direction Multiple Buildings, Please Use GPS
Exterior
Community Features Public Transportation,Shopping,Pool,Tennis Court(s),Park,Medical Facility,Laundromat,Highway Access,House of Worship,Marina,Private School,Public School,T-Station
Waterfront false
Roof Type Rubber
Parking Type Paved Drive
Garage No
Building
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false