$1,489,000 ($230.60 per sqft)

Est. Mortgage $7,046/mo *

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581 & 233 Proctor & Washington Ave, Revere, MA, 02151

581 & 233 Proctor  & 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 581 Proctor Ave & 233 Washington St featuring 3 residential units and a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units 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 9% 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. .


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