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238 Chelsea Street, Everett, MA, 02149 | $8,000,000
Pleased to present the Chelsea Street Apartments are located at 238 Chelsea Street in Everett, MA. Directly north of Boston, close proximity to Route 1, easy access to MBTA (Orange Line) & Chelsea Train Station. This fully deleaded 3-story brick building built in 1970 sits on a 0. 34 acre (14, 810 SF) lot. Consisting of (20) studio apartments & (6) One bedroom units. Tenants enjoy off-street parking and coin-op laundry. Located less than 2 miles from Wynn Casino and down the street from new developments including The Pioneer, Jade, Anthem Everett etc. There is a significant opportunity to bring rents up to market across the board. Currently, the building average for studio apartments is $1, 674 a month compared to the fair market rent for a studio in Everett of $2, 359, a difference of $685 per unit per month. The building average for one-bedroom apartments is $1, 838 a month compared to the fair market rent for a one bedroom in Everett of $2, 475, a difference of $637 per unit per month.
Features
- Rooms: 38
- Bedrooms: 26
- Baths: 26 full
- Units: 26
- Year Built: 1970
- Approx Sq. Feet: 15,372
- Acreage: 0.34
- Est. Taxes: $42,114
- Lot Desc: Gentle Sloping
- MLS#: 73479682
- Website: https://www.raveis.com
/prop/73479682/238chelseastreet_everett_ma?source=qrflyer
Listing by Drew Kirkland courtesy of Northeast Private Client Group, LLC Phone: 857-990-6800
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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To learn more about our credentials, visit raveis.com today.
Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1500191
617.281.4872
Kate.Rockett@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
238 Chelsea Street, Everett, MA, 02149
$8,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Kate Rockett
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $6,400,000 | $6,400,000 | $6,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.858% | 5.681% |
| Monthly Tax Payment | $3,510 | $3,510 | $3,510 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $34,357 | $37,349 | $52,293 |
| Total Monthly Payment | $37,992 | $40,984 | $55,928 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630