23-25 Division St, Chelsea MA 02150
About this home
23-25 Division St is a five unit mixed-use building comprised of one commercial unit on the first floor leased to El Carriel Bar, and four 2-Bedroom/1-Bathroom units. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer and the commercial unit reimburses 66.67% of this expense (from 9-11 Williams/23 Division only). The building has been well maintained during ownership. El Carriel has been at this location since 2018 and just exercised a 5-year renewal option, demonstrating their commitment to the site and the market. Their lease calls for attractive annual increases in rent, protecting against rising operating expenses and providing a hedge against inflation.
Property Overview
Facts & Features
Home Facts
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23-25 Division St, Chelsea MA 02150
Chelsea, MA 02150
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Listed for Sale
Mar 31, 2025| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 03/31/2025 | 🏠 Listed for Sale | $1,295,000 | - | - | Original listing |