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106 Winnisimmet St
Chelsea, MA 02150

Winnisimmet Street Properties · Multifamily Property For Sale · 6 Units

INVESTMENT HIGHLIGHTS

  • Project based section 8 HAP contracts run through May 2032. Stable tenant base with up to 100% of rent subsidized.
  • Average tenant turnover has been less than 5% per year (less than 1 unit per year) over the last 20 years.
  • Additional income from parking spaces and laundry
  • Annual rent increases per HUD. 2020 Boston area HUD OCAF increase was highest of all but two states.
  • Heart of downtown Chelsea. Walking distance to Commuter Rail & multiple bus stops, connecting to Boston, Logan airport, and surrounding communities
  • Well maintained property. Separately metered utilities. Landlord provides water/sewer only.

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 0.35 AC
Building Size 5,376 SF
Average Occupancy 100%
No. Stories 3
Year Built 1920
Parking Ratio 1.3/1,000 SF

UNIT AMENITIES

  • Cable Ready
  • Refrigerator
  • Range
  • Carpet

SITE AMENITIES

  • Laundry Facilities
  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 $1,624 660

PROPERTY TAXES

ZONING

Zoning Code BR
  • Listing ID: 22564260

  • Date on Market: 3/25/2021

  • Last Updated:

  • Address: 106 Winnisimmet St, Chelsea, MA 02150