The Tripoli Lofts

  • Title

    Multifamily Property for Sale

  • City

    Revere, MA

  • Price

    $3,190,000

  • Cap Rate

    6.0%

  • Gross Leasable Area

    4,080 SF

  • No. Units

    12

  • Price/SF

    $781.86

  • Price/Unit

    $265,833

  • No. Stories

    2

  • Year Built

    2018

  • Lot Size

    .23 AC

Not found amenities.

Northeast Private Client Group is pleased to present the North Shore Conversion property, located at 1064 North Shore, Revere, MA.

The North Shore Conversion is a project that took an older industrial building and is transforming it into 12 luxury studio apartments located within 0.4 miles of Revere Beach. These units will are completed and have totally redone finishes as well as off street parking & coin-op laundry. This property is located in a qualified opportunity zone and is 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.

 

Revere, Suffolk County, MA

1064 North Shore Road Offering Memo