MLS Number 72124464
- Multi-Family 5-9 Family
- Bedrooms 47
- Year Built 1972
****** HIDDEN GEM ****** EAST BOSTON/REVERE LINE. Extremely rare find! 29-units spanned over 2 BRICK buildings, Only a 3-minute WALK TO THE T (Beachmont Station) located on a dead end street in the Beachmont Area of Revere. The asset consists of (2) Studios, (9) 1-Bedrooms, & (18) 2-Bedrooms. Almost every unit consists of hardwood floors, kitchens mostly have dishwashers, and all the 2nd and 3rd floor units have balconies. Apartments are all rented for well below market rates. Phenomenal VALUE-ADD potential. Rents have significant room for increases. Over 50 Off-Street PARKING Spaces. Each building has laundry rooms. Tenants pay all utilities, except water and hot water is paid by the Landlord. AMAZING OPPORTUNITY Easy commute to Boston, WALKING DISTANCE TO the Beachmont T-Stop & the Beach. GMRE PRO FORMA attached. CASH OFFERS ONLY, AT THIS POINT. MUST CLOSE BY MAY 29TH, 2017
Listed by Foley/Federico Team and Ryan Foley of Greater Metropolitan R. E.