M. Celata Real Estate
268A Broadway, Revere, MA 02151
781-289-7500 | reveremoe@comcast.net

175 Cottage Street, Chelsea, MA 02150


Sale Price

5+ Residential
Type of Comm.
Rare opportunity to purchase a package of 15 fully leased 2 bed/2 bath condos in recently built professionally managed condo buildings. This package consists of 11 units at Mill Creek Condominiums located at 175 Cottage Street in Chelsea, MA, built in 2005, and 4 units at Millbrook Condominiums located at 1 Millbrook Lane in Wakefield, MA, built in 2002. All units feature kitchens with granite counters and many with stainless steel appliances. All units have off street and/or covered parking, laundry in unit, private storage and central air conditioning. Many units have hardwood floors. Mill Creek Condominiums features an outdoor pool, fitness center and club room. The majority of the units are currently rented under market and rents could be increased by the new owner to maximize income. Perfect investment opportunity and/or 1031 exchange. Just sit back and collect rent.
Sale Price: $3,700,000
Settled Date: 8/5/2016 12:00:00 AM
List Price: $4,125,000
Type: Commercial
Type of Comm.: 5+ Residential
Status: Sold
Restrooms: 30
Stories: 7
Buildings: 1
Total Units: 15
Baths: 30
Rooms: 25
Beds: 30
Total Sq. Ft.: 16,771
Year Built: 2005
Approx. GLA: 16,771
MLS#: 71989164
Ceiling Height: See Details Now
Elevator: See Details Now
Fire Places: See Details Now
Water: See Details Now
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Space Dividable: See Details Now
Easements: See Details Now
Expandable: See Details Now
Handicap Access: See Details Now
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Parking Spaces: 30
Parking Features: Garage, Open, Under, 21+ Spaces, Paved Driveway, On Site
Construction: See Details Now
Railroad Siding: See Details Now
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Site Condition: See Details Now
Sprinklers: See Details Now
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Underground Tank: See Details Now
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Short Sale Lender Approval: See Details
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21E On File: See Details
Assoc. Fee Includes: See Details
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Condo Assoc.: See Details
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Exchange: See Details
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Sublet: See Details
Plat Plan: See Details
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Survey: See Details
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Zoning: See Details
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Residential Units: See Details
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Warehouse Units: See Details
Exclusions: See Details Now
Disclosure Declaration: See Details Now
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For Lease: See Details Now
Lease Type: See Details Now
Space Available: For Sale
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The listing office is Gibson Sotheby's International Realty and the listing agent is Anthony Bruno. 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 it's 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. The data was last modified on 6/24/2017 1:05:00 PM.
M. Celata Real Estate