243 Revere St

    Revere, MA 02151
    • $1,275,000
    • STATUS: Active
    • MLS #: 72642816
    UPDATED: 32 min ago
    $1,275,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Seth Williams of Ledge & Young Real Estate.

    Description

    243-245 Revere street is a cash cow! Recently upgraded rents and units make this multi-family mixed use property the perfect investment for someone pulling their money out of the market, or trying to scale up in 2020. Boisterous rent roll coupled with an oversized walk in commercial space ready for new tenants makes for a perfect recipe for an owner occupant investor, or someone who want to grab their own tenants. 3/5 Residential rentals have longer term section 8 tenants, 2 of which just received increases, one more in the works. 2 other cash paying amazing tenants round out the residential side of this building. Off street parking, oversized garage for a small business owner or extra rental income from a work van. Plenty of meat left on the bone for the next investor to cut expenses and raise rents. Tons of improvements over the last 2 years.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-05-30T11:06:57.897.
    www.southcoastrealtors.com/homes/105244138

    243 Revere St Revere, MA 02151

    • Price: $1,275,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 72642816
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1900
    Built
    Neighborhood:
    Revere Beach
    County:
    Suffolk
    Area:
    Revere Beach
    Property Description
    243-245 Revere street is a cash cow! Recently upgraded rents and units make this multi-family mixed use property the perfect investment for someone pulling their money out of the market, or trying to scale up in 2020. Boisterous rent roll coupled with an oversized walk in commercial space ready for new tenants makes for a perfect recipe for an owner occupant investor, or someone who want to grab their own tenants. 3/5 Residential rentals have longer term section 8 tenants, 2 of which just received increases, one more in the works. 2 other cash paying amazing tenants round out the residential side of this building. Off street parking, oversized garage for a small business owner or extra rental income from a work van. Plenty of meat left on the bone for the next investor to cut expenses and raise rents. Tons of improvements over the last 2 years.
    Exterior Features

    Driving Doors 0 Loading Docks 0 Location Urban Parking Features 1-10 SpacesGarage Parking Spaces 3 Railroad Siding No Site Condition Level Stories 3 Underground Tank Unknown

    Interior Features

    Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 1700.00 Restrooms 6 Rsf Building Sq Ft 3717.00 Sprinklers No Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 766400.00 Assessed Value Land 175200.00 Assessed Value Total 941600.00 Commercial Industrial Type 5+ Residential Disclosure No Disclosures Sold As isowner Has Owned For 2.5 YearsHas Another Opportunity Lined Up. Easements No Exchange No Exclusions Free Of All Owner / Tenant Belongings Expandable No Gross Annual Expense 26309.00 Gross Annual Income 128400.00 Handicap Access No Lease No Lease Price Includes Not Applicable Lender Owned No Mau Units 0 Net Operating Income 102090.00 Ofu Units 0 On File21 E No Plat Plan No Reu Units 1 Rsu Units 5 Short Sale Lender App Required No Space Available For Sale Special Financing No Subdividable No Sublet No Survey No Tax Year 2020 Taxes 10602.41 Total Units 6 Utilities Public WaterPublic SewerNatural Gas Wau Units 0 Year Built Source Pr Zone Description Other (See Remarks) Zoning Gb

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Seth Williams of Ledge & Young Real Estate.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2020-05-30T11:06:57.897.
     
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    Listing courtesy of Seth Williams of Ledge & Young Real Estate.