23-25 Division St 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/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.
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Last Updated: April 1st, 2025 at 6:28am
Gross Income: $95,100
Gross Expenses: $18,235
Net Income Calc: $76,865
CAP Rate: 5.80%
Beach Front
Annual Expenses for 23-25 Division St, Chelsea MA 02150
Total Gross Expenses (Calculated)$18,235/year
APOD AvailableYes
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$18,235
Annual Income & Unit Breakdown for 23-25 Division St, Chelsea MA 02150
Total Gross Income (Calculated)$95,100
Unit 1
Rental Income2050
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income1875
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income2050
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income1950
LeaseY
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
General Information for 23-25 Division St, Chelsea MA 02150
Listing ID73352092
Property TypeMulti Family / 5+ Family
Price$1,325,000 ($385.74/SqFt)
Style
CityChelsea
CountySuffolk
MLS Area
Neighborhood(s)
Approximate Living Area Total3,435 SqFt
Approximate Lot Size (Acres)0.05 acres
Total Parking0
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningW
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront FeaturesBeach Front, 1/2 To 1 Mile To Beach
Energy Features
Terms
Interior Features for 23-25 Division St, Chelsea MA 02150
Disclosures for 23-25 Division St, Chelsea MA 02150
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$48,357
Total Gross Income By Broker$153,740
Total Net Income By Broker$105,383
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Location Information for 23-25 Division St, Chelsea MA 02150
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 23-25 Division St, Chelsea MA 02150