Condo Development

89 Central Ave, Chelsea, MA

3 unit condo building featuring 2.5 beds and 2 bathrooms

Historical Overview

This condominium project represents a symbol of our resilience to learn the construction industry and improve our performance. We purchased this condemned building and turned it into the highest priced per sq/ft sellout for a renovation project in Chelsea, MA. The building underwent a massive structural overhaul and featured three units with luxury layouts and finishes by the time we were done.

Financials: 

Property Type - Residential

Total Units - 3

Unit Mix - Three 2.5 bed/2 bath condominiums

Purchase Price - $500,000

Renovation Budget - $500,000

Stabilized Value - $1,500,000