Presenting a rare opportunity to acquire a fully occupied 6-unit multifamily property just moments from Revere Beach. Situated on a level lot with two driveway entrances and ample off-street parking, this investment offers strong in-place income with future upside. Current monthly rent roll is $12,100 with as-is pro forma rents projected to be at least $14,400/month, plus there is an approximately $2,000 annually in laundry income. Property features potential expansion for 2 additional units on the top level. Conveniently located near public transit with train access to Boston, major highways, shopping, dining, and a playground 1 block away on the same street. Excellent opportunity for investors seeking cash flow, appreciation, and long-term value add potential. Sellers reserve the right to accept an offer at anytime.
54 days
|
173
|
5
|
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Justin Brown617-461-6511,
Three Hills Real Estate Service, LLC833-434-4557
Source: MLS PIN,MLS#: 73525052
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 6
Full bathrooms: 6
Features
Has basement: No
Has fireplace: No
Interior area
Total structure area: 4,180
Total interior livable area: 4,180 sqft
Finished area above ground: 4,180
Property
Parking
Total spaces: 7
Parking features: Paved Drive, Off Street
Uncovered spaces: 7
Features
Patio & porch: Porch
Waterfront features: Ocean, Walk to, 1/10 to 3/10 To Beach
Lot
Size: 8,224 Square Feet
Features: Cleared, Level
Details
Parcel number: 1366599
Zoning: RB
Construction
Type & style
Home type: MultiFamily
Property subtype: 5-9 Family
Materials
Frame
Foundation: Concrete Perimeter
Roof: Shingle
Condition
Year built: 1970
Utilities & green energy
Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, T-Station
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.