233 Washington Ave
revere, MA 02151US$1,399,000
- 7 BR4 BA, 2 HALF BAapprox. 6,457 SF
- Contract signed
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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.
Details
6,457 Sq Ft
3,615 Sq Ft Lot Size
investment
US$1,167 Monthly Tax
Built in 1960
MLS/Listing ID 73481847
4 Stories
4 Units
Amenities & Features
Wood Burning Fireplace
Natural Wood
Tile
Slab
Heating - Natural Gas
Heating - Baseboard
Lot - Corner Lot
Bathroom with Tub and Shower
Ceiling Fans
Upgraded Countertops
Lead Certification Available
Living Room/Dining Room Combo
Living Room
Office/Den
Studio
Upgraded Cabinets
Shingle
Picture Window
Public Sewer
Public Water
Refrigerator
Range
Microwave
Cooling - Wall Units
Construction - Brick
Community - Public Transportation
Community - Shopping
Dishwasher
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