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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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233 Washington Ave , Revere, MA 02151
$1,399,000
Est. Payment: $3,108.89/mo
7 Bed
6 Bath
6457 Sqft
Status: Under Agreement | Days on site: 84
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AN6934 - B9500409
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Annemarie Torcivia , 781-983-5266 Trinity Real Estate , 781-231-9800.

Property Type

Multi-Family
Lot/Acreage
0.08

Year Built

1960

County

Suffolk

Listing ID

73481847

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:6
  • ▪ Full Bathrooms:4
  • ▪ 1/2 Bathrooms:2
Appliances:Range, Microwave, Refrigerator, Dishwasher
Air Cond:Wall Unit(s)
Fireplaces:Wood Burning
Floor:Wood,Tile
Other:
  • ▪ Additional: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
Water:Public

Exterior Features

Lot:Corner Lot
Garage Capacity:5
Zoning:Mixed Use
Roof:Shingle
Sewer:Public Sewer
Parking Features:Parking Spaces: 5
Principal Interest
$3,109
Taxes
$1,167

Home Price

$1,399,000

Loan Details

30 yrs
%

Down Payment

20%
$279,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,108.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,108.89 $1,166.67 $0.00 $4,275.56
Yearly $37,306.67 $14,000.00 $0.00 $51,306.67
Total $1,119,200.00 $420,000.00 $0.00 $1,539,200.00

Today's Rates

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20 Year

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Market insight data is pulled from the same city as the listing being viewed (Revere, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.