Chelsea Multi-Property Sale Soars to $8.4 Million

Northeast Private Client Group facilitated the $8.4 million sale of a six-building portfolio at 31-47 Louis Street, Chelsea, MA. The portfolio encompasses 27 residential units across six structures, complemented by 23 off-street parking spaces and 16 coin-operated laundry facilities. Each unit boasts independent utilities, ensuring tenant comfort and convenience.

Northeast Private Client Group Orchestrates Sale of Six-Building Portfolio in Chelsea for $8.4 Million

Chelsea, MA – In a significant transaction, Northeast Private Client Group has successfully brokered the sale of a six-building portfolio located at 31-47 Louis Street in Chelsea, Massachusetts, for $8.4 million. This acquisition marks a strategic investment in the city's rapidly growing real estate market.

The esteemed team of Senior Associates Drew Kirkland, Francis Saenz, and Jim Casey played pivotal roles in representing the seller and securing the buyer for this transaction. Their expertise and market knowledge were instrumental in facilitating a seamless and successful deal.

This meticulously maintained portfolio comprises six buildings strategically situated on three adjacent parcels, encompassing a total of 27 residential units. Each unit boasts independent utilities, including 27 gas meters for heating and hot water, and 38 electric meters, of which 8 are public.

To enhance the convenience of tenants, 23 off-street parking spaces are thoughtfully provided at the rear of the buildings. Furthermore, the property features an array of 16 coin-operated washers and dryers, ensuring ease and accessibility for residents.

"We extend our heartfelt congratulations to our seller for trusting us with another successful Chelsea transaction," expressed Mr. Kirkland. "Simultaneously, we commend our buyer on an astute investment in a highly sought-after market."

This transaction underscores the robust and competitive nature of Chelsea's real estate sector. The city's strategic location, proximity to Boston, and burgeoning economic growth continue to attract investors and homeowners alike.

Northeast Private Client Group, renowned for its exceptional brokerage services, has once again demonstrated its commitment to delivering exceptional results for its clients. With a deep understanding of the local market dynamics and unwavering attention to detail, the firm consistently exceeds expectations in the arena of real estate transactions.