I'm not sure why some people think that using as much vinyl siding on a house as physically possible is ever a good idea, but I'll just let it slide on this spacious colonial revival nestled in Chelsea, just a few minutes from the center of Boston. Listed for just $145,000, this big 4-bedroom house appears to be move-in ready (the realtor even boasts that it has new carpeting... unusual for an REO, but whatever). This place last sold for $275,500 a few years ago (12/2/2004). In the opinion of Zillow.com, this house is now worth $299,900.In this convenient area, a house like this would rent for about $2,000 per month; with a mortgage payment, including taxes, of $1,200 to $1,400, this place would deliver positive cash flow to an investor. A big bonus is that it appears to be basically turn-key... meaning buy it and move right into it or rent it out right away... no time and money spent on renovations or repairs up front.
The basics...
Address: 85 Marlborough Street, Chelsea, MA 02150
Current Listing Price: $145,000
PREVIOUS Sale Price: $275,500
Size: 4 Bedrooms, 2 Bathrooms; 1,600 square feet
Lot: .04 acres
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