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Michael Simpson

michaelsimpsonhomes@gmail.com +1(603) 848-4331

$ 1,399,000

Est. payment -/mo

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Pending

233 Washington Ave Revere, MA 02151

7 Beds

5 Baths

6,457 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Pending

Purchase Type For Sale

Square Footage 6,457 sqft

Price per Sqft $216

MLS Listing ID 73481847

Bedrooms 7

Full Baths 4

Half Baths 2

Year Built 1960

Annual Tax Amount $14,000

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type 4 Family

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.

Location

State MA

County Suffolk

Zoning Mixed Use

Direction Washington - Proctor

Interior

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

Heating Baseboard, Natural Gas

Cooling None, Wall Unit(s)

Flooring Wood, Tile

Fireplaces Number 1

Fireplaces Type Wood Burning

Appliance Range, Microwave, Refrigerator, Dishwasher, Other

Exterior

Community Features Public Transportation, Shopping

Roof Type Shingle

Total Parking Spaces 5

Garage No

Building

Lot Description Corner Lot

Story 4

Foundation Slab

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by Trinity Real Estate

Michael Simpson

Agent | License ID: RES.0836214

+1(603) 848-4331

Michael Simpson

233 Washington Ave Revere, MA 02151

Key Details

Location

Interior

Exterior

Building

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233 Washington Ave