Jose Clavel Of Pena Realty Corporation Represents Buyer In $1.05M Sale Of Chelsea Multifamily

A three-family home at 24 Suffolk Street in Chelsea, MA, was sold for $1,050,000. The property has a total of 3,768 square feet and comprises 12 beds and 3 baths. It features stable below-market rents and a 7% cap rate, offering large units with some upgrades and a huge backyard, along with easy access to downtown Boston and major routes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,050,000
• Units: 3
• Price Per Unit: $350,000
• Square Footage: 3,768
• Price Per Square Foot: $279
• Buyer's Representative: Jose Clavel - Pena Realty Corporation
• Seller's Representative: Ella Goren -Sunrise Realty & Investment

Jose Clavel represented the buyer in the transaction, while Ella Goren represented the seller, indicating a well-coordinated effort by both parties in closing the deal effectively.