9-11 & 25 Williams & Division St Unit 9-11 & 2 Chelsea, MA 02150

Multi-Family Residence

8 Beds

6 Baths

Sq. Ft.

0.05 Acre Lot

Property Activity

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Last updated on 11/28/2024 8:22 AM

Listing Details

9-11 Williams Street & 25 Division Street 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 di...rectly. The landlord is responsible for domestic water and sewer and the commercial unit reimburses 66.67% of this expense (from 9-11 Williams and 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. Continue reading

MLS#

73303605

Property Type

Multi-Family

Bedrooms

Bathrooms

4 Full/2 Half

Year Built

1900

Price per Sq. Ft.

$393.01

Lot Size