233 Washington Ave, Revere, MA 02151
- $1,399,000
- 7
- BD
- 6
- BA
- 6,457
- SqFt
- List Price
- $1,399,000
- Price Change
- ▼ $16,000 1785363934
- Days on Market
- 149
- Status
- PRICE CHANGED
- MLS#
- 73481847
- Bedrooms
- 7
- Bathrooms
- 6
- Full Baths
- 4
- Half Baths
- 2
- Living Area
- 6,457
- Lot Size (Acres)
- 0.08
- Year Built
- 1960
Property Description
BACK ON MARKET – MIXED-USE INVESTMENT OPPORTUNITY! Solid brick 4-unit property offering strong residential and commercial income. Commercial space consists of a 2,000+ sq. ft. dance studio with a long-term tenant of approximately 39 years and lease through 2029. Three residential units include two 2-bedroom units and one 3-bedroom unit with office/den. Residential units are Section 8 with delead certificates in hand. Currently operating at approximately an 8% cap rate. Common laundry and 3 off-street parking spaces. Excellent cash flow, established tenants and multiple income streams make this a solid addition to an investor’s portfolio. All financials, leases, and lead certs available after accepted offer.
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Additional Information
- Taxes
- $14,000
- Interior Features
- Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Ceiling Fan(s), Studio, Living Room, Kitchen, Living RM/Dining RM Combo, Office/Den
- Lot Description
- Corner Lot
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Annemarie Torcivia from Listing Office: Trinity Real Estate.
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