Attention investors, builders, contractors, and rehabbers! This unique property features a two-family home situated on a large, buildable corner lot, offering a variety of investment and development possibilities. Maintain the existing two-family property as an income-producing asset while exploring the potential to build at least two duplexes on the site. The city has approved higher-density developments on similar lots in this desirable neighborhood, making this an exceptional opportunity for future growth. Located in a sought-after West Revere location, the property is conveniently close to schools, public transportation, shopping, and major routes to Medford and surrounding communities. The lot offers substantial frontage, level terrain, and no known encumbrances, creating an ideal setting for development. Buyers are encouraged to perform their own due diligence regarding development potential and permitting requirements. See attached floorplan and virtual tour.
325 Malden St, Revere, MA, 02151
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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