About 65 Woodlawn Avenue
Can be seen anytime with your Realtor. #2, a typical unit, is vacant. The property consists five condominiums within a five unit HOA. (5 of 5) This condominium structure provides significant upside potential should the buyer wish to sell them individually shortly after closing, or at some point in the future. The "conversion" has already been done. Because the Buyer will own 100% of the condominiums, it can be operated as an apartment building. The best of both worlds. If the Buyer prefers, the HOA can be revoked prior to closing, and the property can be delivered to the buyer as an apartment building. Three of the five condominiums have seen significant improvement since original construction. See photos of each condominium. Four of the condominiums have large walk-in storage closets at the 3rd level. See floor plans with the Documents tab. This property has been owned, professionally managed, and maintained for more than forty years by Mastrocola Management. Inspect it. It will be obvious that it has been well cared for.
Features of 65 Woodlawn Avenue
| MLS® # | 73576991 |
|---|---|
| Price | $1,650,000 |
| Units | 5 |
| Bedrooms | 9 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 4,357 |
| Acres | 0.11 |
| Year Built | 1970 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
Community Information
| Address | 65 Woodlawn Avenue |
|---|---|
| Area | Prattville |
| City | Chelsea |
| County | Suffolk |
| State | MA |
| Zip Code | 02150 |
Amenities
| Utilities | for Electric Range |
|---|---|
| Parking Spaces | 5 |
| Parking | Off Street, Assigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 6 |
| Stories | 6 |
Exterior
| Windows | Insulated Windows |
|---|
School Information
| Elementary | Mary C Burke |
|---|---|
| Middle | Browne School |
| High | Chelsea High School |
Additional Information
| Zoning | R1 |
|---|---|
| Gross Income | $144,500 |
| Net Operating Income | $100,000 |
| Operating Expense | $44,200 |
| Insurance Expense | $5,000 |
| Total Actual Rent | $6,635 |
| Rent Includes | Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water) |
Listing Details
| Agent | Ronald Mastrocola |
|---|---|
| Office | Mastrocola Management, Inc. |