9-11 & 25 Williams & Division St, Chelsea, MA, 02150
18 rooms
8 beds
4 Full / 2 Half baths
1900
3,435 sqft
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 directly. 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.
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
W
Levels:
8
Acreage:
0.05
Est. Taxes:
$19,995
Assessment
$1,155,900
Lot Description:
Corner Lot
Waterfront:
Yes
MLS #:
73303605
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
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Listing courtesy of Dennis Kelleher, Horvath & Tremblay Phone: 781-776-4000