28-40 Washington Ave
Chelsea, MA 02150

SITE OVERVIEW LOT: 7,894 ± SF lot UTILITIES: The improved site is served by municipal water & sewer, electricity, natural gas, telephone, and cable T.V. PARKING: There is no on-site parking. COURTYARD: An interior courtyard area with concrete pavers, small plantings, and benches. The courtyard area was refurbished within the last ten (10) years. BUILDING INFORMATION CURRENT USE: Affordable rental housing for low-income elderly residents with twenty-seven (27) residential units including two (2) handicap accessible units. A portion of the first floor is occupied by four (4) commercial stores. UNIT MIX: Eight (8) studio / 1-bath units approximately 360 ± SF, eighteen (18) one-bedroom / 1-bath units approximately 586 ± SF, one (1) two-bedroom / 1-bath unit approximately 761 ± SF, and four (4) street-level commercial stores ranging from 301-1,650 ± SF. YEAR BUILT: The building was built circa 1900 and renovated into its current use around 1981. CONSTRUCTION: Three-story structure plus lower level that features a mix of brick, painted concrete/stucco, and painted metal exterior wall surfaces. The street facing elevations are enhanced with painted metal cornincing. The interior elevations of the courtyard area include a series of corridors comprised of steel framing, steel railings, and concrete floors. The steel support columns and railings were replaced in 2006. HVAC: Two (2) Buderus Logano boilers with Powerflame dual fuel burners provide forced hot water baseboard heat for the entire building. The boilers work in conjunction with a pair of indirect-fired “HTP” tanks to provide domestic hot water. A Tekmar controller governs performance of the boiler plant. All of this equipment was added in 2012. A ductless mini-split heat pump system for heating/cooling serves the management office and police sub-station (commercial space). The system was added in 2012. Air-conditioning is by window units that are supplied by the tenants. SPRINKLER SYSTEM: A limited fire sprinkler system exists in the entry lobby, halls, and community room. FIRE ALARM SYSTEM: A fully addressable FireLite MS-9200UDLS fire alarm control panel monitors the hardwired devices. INTERCOM SYSTEM: The building has a door buzzer/intercom system at the main entry. Each unit also has emergency call pull cords. ELEVATOR: A single, hydraulic elevator works in concert with interior ramps at some locations to provide access to all floor levels of the building. The elevator equipment was reportedly upgraded in 1997 and is maintained under a service contract. ROOF: Flat EPDM (rubber) membrane roof was replaced in 2011. WINDOWS: New vinyl-framed window units were installed for all the residential within the last 10 years. ELECTRICITY: Electricity is separately metered and paid by the tenant. Each unit has a circuit breaker panel. LAUNDRY: There is a common laundry room with coin-operated washers and dryers. The Management Company owns the machines and share profits with the property. The machines would be left as part of the sale. APARTMENT UNITS: Apartment flooring includes carpet and vinyl composition tile (VCT). The typical appliance package includes an electric stove and refrigerator. Kitchen cabinets were all upgraded within the last 10 years. Each bathroom has an enameled steel bathtub, toilet, and vanity. COMMERCIAL UNITS: Commercial tenants pay their own heat and electric. The landlord pays water/sewer, because there is only one meter. IMPROVEMENTS: The current owners have made numerous improvements to the property. On the following page is the kitchen upgrade list. Eleven (11) kitchens were completed in the last five (5) years with the majority of work completed within the last ten (10) years. In addition to the kitchens the management reported twenty-three (23) bathroom vanities, tops, and faucets were replaced, seventeen (17) medicine cabinet upgrades, and twenty-one (21) vanity light fixture upgrades.