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2 Days on market
28 Admirals Way #28 Chelsea — Photo 1 of 27

28 Admirals Way #28 Chelsea — Photo 1 of 27

$685,000

Investment Analysis — 28 Admirals Way #28

Chelsea, MA 02150

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02150 carries an estimated $2,630/mo in gross rent — about a 1.63% cap rate and $11,159/yr in estimated NOI at the $685,000 list price. Adjust every assumption in the calculator below.

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Beds

2

Baths

1.5

SqFt

2,057

Style

Condominium

Built

1987

Welcome to Admiral's Hill in Chelsea. This stunning townhouse has four levels of living space, 2 bedrooms, 1.5 baths, a bonus room/office, and best part of all, 2 private off street parking spots right behind the unit! The first floor includes a living room with a wood burning fireplace, a half bath, a dining room, and a renovated kitchen with Bosch appliances and quartz countertops. Kitchen cabinets have soft close drawers and are designed for plenty of storage. The second floor includes 2 bedrooms with cathedral ceilings, large closets with closet organizers and ceiling fans, a full bath, and a stacked washer/dryer in the hallway. The third floor features skylights with an office or guest room. The fourth level is a finished basement for entertainment, gym, etc! There is a deck off the dining room that leads to a small private yard, and a balcony from one of the bedrooms. The unit has been freshly painted. Mary O'Malley State Park along with other parks, waterfront access, and the MBTA bus 112 are nearby. There is a swimming pool within the managed condo association for an additional fee. Easy access to Boston, Logan Airport, Tobin Bridge, major highways, public transportation, shopping and more. If you have been looking for more space without going far from Boston, this is the one!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

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Property Details

Financials

Original Price$685,000
Annual Taxes$6,599
HOA Fee$519

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
Flooring--
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningNH

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Laundromat

Geography

Floorplan Breakdown

Structural Layout

Third
Office
Second
Master BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchenBathroom 2
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Office
Lvl Third

Skylight

Master Bedroom
Lvl Second

Ceiling Fan(s)

Bedroom 2
Lvl Second
Bathroom 1
Lvl Second
Bathroom 2
Lvl First
Listing Provided By

Listing Agent: Jonathan Rayo

Listing Office: eXp Realty LLC - Corporate Office

MLS® Number: 73574909