LOT SIZE 0.263 acres
MLS#73532650
STATUSActive
PROPERTY TYPELand - Commercial
Property Description
$55,000 per unit great price. 20 Market-Rate Apartments Investment OpportunitySold with all approvals, architectural plans in placeProperty Highlights-Location: 419 Lee Burbank Highway, Revere, MA-Units: All market-rent apartments ?? No 40B, no affordable restrictions-Transit Access: Minutes to Logan International Airport via MBTA Blue Line-Visibility: Prime location with easy highway access (Route 1A, Route 60, I-90)-Surroundings: Close to Revere Beach, shopping, restaurants, and Boston employment hubsRental Market Overview (Revere / East Boston Corridor)Unit TypeRent Range (Monthly)Studios / 1-Bed Two Thousand Eight Hundred +/- range for Investment Advantages -No affordability restrictions ?? all units capture full market rents-Commuter convenience ?? 10 minutes to Logan, 15 minutes to Downtown Boston-Transit-oriented growth ?? Revere is seeing strong demand as housing near Boston tightens-Upside potential ?? rents expected to rise 3??5% annually given limited new supply.
Property Features
Property Type: Land - Commercial
Lot Size: 0.26 Acres
Taxes: $11,309
Feature Descriptions
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 3
Electric: At Street
Lot Features: Level
Parcel Number: M:7 B:122B L:2,1367847
Rental Term: Monthly
Sewer: Public Sewer, At Street
Water: Public, At Street
Waterfront Features: Ocean, Beach Ownership(Public)
Local Schools
High School: Revere High School
Listed By / Shown By
Listed By
Agency Name: Pasciuto and Associates
Agent Name: Frank Pasciuto
Agency Phone: 781-883-0707
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
TOUR PROPERTY
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Estimate Your Payment
Estimated Payment
$ 3,711.37 per month $2,448.12 Principal & Interest $942.42 Property Tax $320.83 Homeowner's Insurance
419 Lee Burbank Hwy | MLS# 73532650
This land located at 419 Lee Burbank Hwy, Revere, MA 02151 is currently listed for sale with an asking price of $1,100,000. The property has approximately 0.26 Acres. Search Revere real estate on www.masiellogrouprealestate.com today.