419 Lee Burbank Hwy, Revere, MA 02151
- $1,100,000
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- 73532650
- Lot Size (Acres)
- 0.26
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.
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Additional Information
- Taxes
- $11,309
- Lot Description
- Level
- Water
- Public, At Street
- Sewer
- Public Sewer, At Street
- High School
- Revere High School
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Listing courtesy of Listing Agent: Frank Pasciuto from Listing Office: Pasciuto and Associates.
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