Pending
Under Agreement
148 Park & Pearl St
Chelsea MA, 02150
$8,100,000
$334.45 per sqft
Pending
Under Agreement
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
November 22, 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
54
Garage
No
Parking
Paved Drive
Parking Total
0
View
No
County
Suffolk
Water Source
Public
Pool
No
Zoning
R2
Listing History
Date | Event | Price |
|---|---|---|
10/15/2024 | Pending | — |
Courtesy of John Pentore, Horvath & Tremblay
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Data last updated 11:21 PM UTC, 11/22/2024
