Discover an exceptional investment in Chelsea's vibrant lower Broadway area - a rare 5-family opportunity! Each unit boasts lead compliance for easy renting, and is currently occupied by reliable, rent-paying tenants. Enjoy positive cash flow with potential for even greater returns. Bonus income from coin-operated laundry. Many units have undergone renovations, featuring fresh paint, tiled bathrooms, new stainless steel appliances, stunning hardwood floors, and granite countertops in kitchens. Offering a mix of two, three, four, and one-bedroom units, all with separate utilities. Updated forced air gas heating installed in 2012 ensures efficient operation. This property promises both immediate income and long-term value. Don't miss out - seize this lucrative investment today!
Other Interior FeaturesLead Certification Available, Living Room, Kitchen
Area & Lot
Total area4,500 Sq.Ft.
Lot Area2,200 Sq.Ft.
Living area4,500 Sq.Ft.
MLS® ID73213564
Year Built1920
Water FrontageBeach Front, 1 to 2 Mile To Beach
TypeMulti-Family
StatusSold
Exterior
Stories10
Air conditioningWindow Unit(s)
Heat typeForced Air, Natural Gas
Water SourcePublic
SewerPublic Sewer
Lot FeaturesOther
RoofShingle
Utilitiesfor Gas Range, for Gas Oven, for Electric Dryer
Finance
Sales Price$1,450,000
Real Estate Tax$12,489 yearly
Work With Us
Stern Key is dedicated to helping you find your dream home and assisting with any selling needs you may have. Contact us today to start your home-searching journey!