Multi-Family
Willams Street Residences
150 Williams St, Chelsea, MA 02150
Listing Price: $1,900,000
Investment Overview
Very rare corner lot in Chelsea Massachusetts approved for 20 one-bedroom work-force and affordable residences. Located in an OPPORTUNITY ZONE (ID25025160400) and a transit-oriented, amenity-rich neighborhood. Location provides convenient access to business, cultural, medical, and recreational opportunities. Easy access to public transportiantion routes and highways. Steps to buses and 1/2 mile to commuter rail to Boston and major metro Boston and regional highways. Can be developed as condominiums or apartments. Qualiifes for MassHousing "Commonwealth Builder Grant" of up to $4,250,000. Several variances received and recorded. Allows for 17 work-force housing units at 120% AMI and 3 affordable units at 80% AMI. Chelsea is the 26th most densely incorporated place in the United States. Entitled land with minimal site work required is exceedingly rare. Full set of schematics available. Schematics show 2 buildings separated by a shared outdoor terrace and a 20-car parking garage below one of the buildings. Projected proift of $1,300,000 from sell out of condominimus or $390,000 of NOI from apartments
Willams Street Residences
Investment Highlights
- Very rare corner lot in Chelsea Massachusetts approved for 20 one-bedroom work-force and affordable residences. Can be built as condominiums or apartments. Located in an OPPORTUNITY ZONE.
- Qualiifes for MassHousing "Commonwealth Builder Grant" of up to $4,250,000. Potential for other construction and rental subsidies, including Chelsea Affordable Trust and ARPA.
- Efficient construction due to building design and limited site work. Projected proift of $1,300,000 from sell out of condominimus or $390,000 of initial NOI from apartments
Exclusively Listed By
Financing By
Listing Price: $1,900,000
Investment Highlights
- Very rare corner lot in Chelsea Massachusetts approved for 20 one-bedroom work-force and affordable residences. Can be built as condominiums or apartments. Located in an OPPORTUNITY ZONE.
- Qualiifes for MassHousing "Commonwealth Builder Grant" of up to $4,250,000. Potential for other construction and rental subsidies, including Chelsea Affordable Trust and ARPA.
- Efficient construction due to building design and limited site work. Projected proift of $1,300,000 from sell out of condominimus or $390,000 of initial NOI from apartments
Investment Overview
Very rare corner lot in Chelsea Massachusetts approved for 20 one-bedroom work-force and affordable residences. Located in an OPPORTUNITY ZONE (ID25025160400) and a transit-oriented, amenity-rich neighborhood. Location provides convenient access to business, cultural, medical, and recreational opportunities. Easy access to public transportiantion routes and highways. Steps to buses and 1/2 mile to commuter rail to Boston and major metro Boston and regional highways. Can be developed as condominiums or apartments. Qualiifes for MassHousing "Commonwealth Builder Grant" of up to $4,250,000. Several variances received and recorded. Allows for 17 work-force housing units at 120% AMI and 3 affordable units at 80% AMI. Chelsea is the 26th most densely incorporated place in the United States. Entitled land with minimal site work required is exceedingly rare. Full set of schematics available. Schematics show 2 buildings separated by a shared outdoor terrace and a 20-car parking garage below one of the buildings. Projected proift of $1,300,000 from sell out of condominimus or $390,000 of NOI from apartments
Exclusively Listed By
Financing By
