8-12 Nichols St

Exceptional investment opportunity! This 4 unit plus commercial space multi-family is located 2 short blocks from Gardner Center. Excellent location. Across from the shell gas station. All four units have separate meters for gas and electric. This property has an unused first floor with 3,000 square feet. First floor has major potential for commercial space or additional units. Big add value for any investor or owner occupant. All 4 units are fully rented. Monthly income is $4,500. Current rents are under market and have room to meet market pricing. New Rubber roof was installed Jan, 2024. Heaters and hot water boilers have been replaced in the past 5 years. Don't miss this great opportunity!

6
beds

8
baths

7,024 Sq.Ft. LIVING AREA

3,712 Sq.Ft. lot

Features & Amenities

Interior

total bedrooms6
Total bathrooms8
full bathrooms8
APPLIANCES Range, Refrigerator, Wine Refrigerator
other interior Features Ceiling Fan(s), Storage, Bathroom With Tub Shower, Living Room, Kitchen, Living RM/Dining RM Combo

Area & Lot

Status Sold
Living Area7,024 Sq.Ft.
Lot Area3,712 Sq.Ft.
MLS® ID73245827
TypeMulti-Family
YEAR BUILT1920

Exterior

STORIES10
water SourcePublic
roofRubber
lot featuresLevel
HEAT TYPEBaseboard
sewerPublic Sewer
SubstructureConcrete Perimeter

Financial

Sales Price$447,000
Real Estate Tax $8,745/yr
Zoning Com1

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Contact Details

Madelyn Garcia Real Estate

Phone

(617) 319-3980

madgarcia11@gmail.com

Address

157 WASHINGTON AVE CHELSEA MA 02150

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8-12 Nichols St

$447,000

Marilyn Garcia