116 Derby Rd, Revere, MA, 02151
9 rooms
3 beds
2 Full baths
1929
1,878 sqft
Two-Family Investment Opportunity with Double Lot Potential! High-performing asset, perfect for savvy investors looking for immediate cash flow or owner-occupants. This property currently generates a steady $5,300/month, offering turn-key addition to your portfolio. This rare double lot, offers incredible potential for Accessory Dwelling Unit (ADU)—buyers to do due diligence regarding zoning and buildability. Unit 1 (first floor) features a bright, flexible 2 bedroom layout, an updated Kitchen (2019) with granite countertops, convenient in-unit laundry, and direct access to a large, shared back deck and yard. Unit 2 (second floor) features completely renovated Kitchen and Bathroom (2022), 1 Bedroom and 1 Office that has the potential to become a bedroom. Updates: 200 Amp Electric Panel (2023). Massive storage with full-size basement. Remaining 12-month lease in place for Unit 1 (July 2027). Unit 2 lease is month-to-month. Some photos may be virtually enhanced.
Status:
Active
Type:
Multi-family
Units:
2
Zoning:
RB
Heating:
Oil, Natural Gas
Basement:
Walk-Out Access, Unfinished
Levels:
2
Parking:
3-car, Paved Drive, Off Street, Paved
Acreage:
0.15
Est. Taxes:
$5,987
Assessment
$660,100
Construction
Conventional (2x4-2x6)
Utilities
for Gas Range, for Gas Oven
Amenities:
Public Transportation, Park, Highway Access, House of Worship, Public School, T-Station
MLS #:
73541931
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Chelsey Gallo, Lamacchia Realty, Inc. 781-917-0491