Active
148 Park & Pearl St
Chelsea MA, 02150
$8,100,000
$334.45 per sqft
Active
55 Beds
30 Baths
24,219 sqft
Multi-family
Built in 1900
The Park & Pearl Portfolio is comprised of 3 multi-family buildings and contains 30 residential units comprised of (4) 3-Bedroom/1-Bathroom units, (17) 2-Bedroom/1-Bathroom units, and (9) 1-Bedroom/1-Bathroom units. Since acquisition of the assets in 2017 & 2021, current ownership has completed numerous capital upgrades including a majority of units featuring new, Navien tankless systems for individual heat and hot water (gas) as well as some upgrades to the unit's interiors. 148 Park Street/155 Pearl St contains (7) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. 156-160 Park Street contains (4) 3-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom units, and (1) 1-Bedroom/1-Bathroom unit. 161-165 Park Street contains (6) 2-Bedroom/1-Bathroom units and (3) 1-Bedroom/1-Bathroom units. Through programmatic renovations to the assets, the opportunity exists to substantially raise market rents in a high demand, up-and-coming rental sub-market.
73281006
MLSⓇ ID
August 22, 2024
Listed
September 13, 2024
Updated
Map
148 Park & Pearl St
Chelsea MA, 02150
Interior Features
Total Stories
3
Bedrooms
55
Total Bathrooms
30
Full Bathrooms
30
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.24 Acres
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Taxes
$77,895
Tax Frequency
Annually
Days on Market
4
Garage
No
Parking
Paved Drive
Parking Total
0
View
No
County
Suffolk
Water Source
Public
Pool
No
Zoning
R2
Courtesy of John Pentore, Horvath & Tremblay
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
©2024 MLS Property Information Network, Inc. All rights reserved.
Data last updated 6:22 AM UTC, 9/13/2024
