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$1,325,000
Est. payment /mo
8 Beds
5 Baths
3,435 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,435 sqft
Price per Sqft $385
MLS Listing ID 73352092
Bedrooms 8
Full Baths 4
Half Baths 2
Year Built 1900
Annual Tax Amount $18,235
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type 5-9 Family
Property Description
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.
Location
State MA
County Suffolk
Zoning W
Direction Please use GPS
Exterior
Waterfront Description Beach Front,1/2 to 1 Mile To Beach
Roof Type Rubber
Garage No
Building
Lot Description Corner Lot
Story 8
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Horvath & Tremblay
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