Beach Street Multifamily

  • Title

    Multifamily Property

  • City

    Revere, MA

  • Price

    $1,180,000

  • Cap Rate

    6.0%

  • Gross Leasable Area

    5,169 SF

  • No. Units

    5

  • Price/SF

    $228.28

  • Price/Unit

    $236,000

  • No. Stories

    3

  • Property Type

    Multifamily

  • Lot Size

    .12 AC

Not found amenities.

Northeast Private Client Group is pleased to present the Beach Street Multifamily located at 549 Beach Street, Revere, MA.

This 5,196 SF building is with five (5) unique units. The unit mix is comprised of two (2) one bedroom apartments, two (2) two bedroom apartments and a three bedroom apartment. This building boasts tenant paid utilities and income producing laundry machines. The property also includes off-street, income producing parking available to the tenants. An opportunistic investor can use light cosmetic improvements to help raise rents to market levels.

This investment is located in a qualified opportunity zone and could be subject to tax benefits.

Revere is approximately 5 miles from Boston and has a population of about 52,000. The median household income is about $37,000. Revere Beach was the focus of a major revitalization project in the 1980’s and now has established itself as a desirable housing destination for working professionals that want to live outside of the city.