18 Suffolk St Chelsea — Photo 1 of 27
$1,150,000
Investment Analysis — 18 Suffolk St
Chelsea, MA 02150
Based on rent reported on the MLS listing, a 3-unit multi-family in 02150 carries $3,985/mo in gross rent — about a 2.22% cap rate and $25,477/yr in estimated NOI at the $1,150,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
4.5
SqFt
3,436
Style
3 Family - 3 Units Side by Side
Built
1987
This townhouse property is perfect for an owner occupant wanting plenty of space and quality finishes within a multifamily property. Unit #1 (currently vacant and digitally staged in photography) has three bedrooms with two full baths with natural stained doors and trim. The other two homes are smaller. One is a two bedroom townhouse, the other is a one bedroom "walk in" apartment. The combination of sizes make it perfect for extended family. Suffolk Street has seen significant investment in recent years. Check it out! Many of the homes have been newly built or renovated, and are getting premium rents because of its convenient waterfront location. This property was previously three condominiums. The buyer may be able recreate the association with the document package that was used previously. This potential option provides added value upon eventual resale. See an attorney and the multiple documents attached.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Washer/Dryer • Range Hood
Geography
Listing Agent: Frank Mastrocola
Listing Office: Mastrocola Management, Inc.
MLS® Number: 73576989