This Multifamily Property is no longer advertised on LoopNet.com.
106 Winnisimmet St
Chelsea, MA 02150
Winnisimmet Street Properties · Multifamily Property For Sale · 6 Units
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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
Parcel Numbers |
Multiple
|
Improvements Assessment | $817,500 |
Land Assessment | $237,300 | Total Assessment | $1,054,800 |
ZONING
Zoning Code | BR |
Listing ID: 22564260
Date on Market: 3/25/2021
Last Updated:
Address: 106 Winnisimmet St, Chelsea, MA 02150
The Belingham Square Multifamily Property at 106 Winnisimmet St, Chelsea, MA 02150 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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