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275 Washington Ave. Chelsea. A Development Opportunity

By Jeffrey Bowen. 781-201-9488 info@chelsearealestate.com on September 17, 2023 • ( 0 )

275 Washington Ave. Chelsea. A Development Opportunity.

Property Overview: This development project entails the demolition of an existing three-family home and the construction of six residential units. permit ready plans will be delivered as part of closing. Mechanical, Electrical, Plumbing, and Fire Protection (MEPF) drawings have been completed and will be provided. The property has been designed as a modular construction project; however, the seller will provide framed stick-built plans if the buyer wishes to build that way. This will take approximately 30 days to change and can run concurrently with the final approvals and permit process. Permit-ready plans will be delivered as part of the closing.

Development Details:

Existing Structure: The project involves the demolition of the current three-family structure on the 9,900 square foot lot.
New Building Construction: In its place, a new, modern multifamily building will be erected in accordance with the zoning regulations of R2 Multifamily, aligning with the zoning requirements and maximizing the potential of the lot.

Unit Specifications:

Size: Each residential unit boasts 1,600 square feet of Gross Living Area (GLA).
Bedrooms: There are 3 bedrooms in each unit, providing ample private living spaces for the residents.
Bathrooms: Each unit is equipped with 3 bathrooms, ensuring convenience and privacy for the occupants.
Den: Additionally, each unit features a den, providing a versatile space that can be used for various purposes such as a home office, study, or entertainment area.
Balcony: A balcony is incorporated into each unit, allowing residents to enjoy outdoor space and fresh air.
Parking: Each unit includes 2 garage parking spaces, offering secure and convenient parking options for residents.
Accessibility: The building is equipped with an elevator, ensuring ease of access for all residents, including those with mobility challenges.

Location Advantage:

Accessibility to Boston: The location offers convenient access to Boston via the Silver Line, commuter rail, and MBTA, providing efficient transportation options for commuters and city enthusiasts.
Proximity to Dining and Shopping: The property is situated in close proximity to a variety of dining and shopping destinations, allowing residents to enjoy a diverse range of culinary experiences and retail options.

Additional Information:

Architectural Plans: Detailed architectural plans have been meticulously developed to reflect the design and layout of each unit, ensuring optimal utilization of space and a visually appealing aesthetic.
Request for Drawings and MEPF: Interested parties may request all architectural plans, Mechanical, Electrical, Plumbing, and Fire Protection (MEPF) drawings, along with a copy of the approval that is currently in place.
Listing Price is now $925,000!
Great opportunity

Financial Details:

Building Permit: The buyer will be responsible for covering the cost of the building permit, in addition to the purchase price for the units.

Contact Information: For more information or any inquiries regarding this exciting development opportunity, please email or text Jeffrey Bowen, The Listing Broker, at Erealty Advisors INC.: info@chelsearealestate.com and 781-201-9488.

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