233 Washington Ave, Revere, MA, 02151
16 rooms
7 beds
4 Full / 2 Half baths
1960
6,457 sqft
Solid brick 4-unit mixed-use investment at 233 Washington St w/ 3 residential units on 581 Proctor Ave. At 233 Washington Ave is a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units at 581 Proctor Ave include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 8% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. Public records has it listed as 581 Proctor but Google as 233 Washington Ave
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
Mixed Use
Heating:
Baseboard, Natural Gas
Cooling:
None, Wall Unit(s)
Levels:
4
Acreage:
0.08
Est. Taxes:
$14,000
Assessment
$1,126,500
Construction
Brick
Lot Description:
Corner Lot
Amenities:
Public Transportation, Shopping
Appliances:
Range, Microwave, Refrigerator, Dishwasher, Other
MLS #:
73481847
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Annemarie Torcivia, Trinity Real Estate 781-231-9800