262 Endicott avenue, Revere, Massachusetts 02151

$1,549,999
7
BD
4
BA
4,752
SqFt
List Price
$1,549,999
MLS#
72852046
Bedrooms
7
Full Bathrooms
4
Sq. Ft
4,752
Lot Size
6,499
County
Suffolk
Year Built
1900
Status
ACTIVE

Property Description

Amazing OCEANFRONT INCOME PROPERTY with 2 lots on 1 parcel in desirable Beachmont. This amazing 4-fam features 1-2 bed/1 bth units all with spectacular, unobstructed OCEAN VIEWS, private oceanfront outdoor deck space, separate utilities, laundry hook-up, and dedicated off-street parking. 3 of the units have RECENT INTERIOR UPDATES which include new appliances,flooring,cabinetry and newer electrical in addition to other system updates. NEW ROOF, SIDING, exterior DOORS, and unit SLIDERS are all less than 1 year old and have a transferable warranty. Investors:enjoy the well-established rental history as the property can be delivered with leases in place for immediately cash flow of ~$90k (5% Cap), or delivered vacant with the opportunity to bring rents to market rate. Explore future growth potential for future luxury CONDO CONVERSION or DEVELOPMENT EXPANSION on adjacent lot. 15 min to downtown, 10 min to the airport, steps to the Blue Line, and 1 mile to Suffolk Down Project.

Additional Information

Days on Market
42
Taxes
$10,000
Tax Year
2020
Assessment
894000
Amenities
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Marina, T-Station
Flooring
Wood, Tile, Vinyl, Wall to Wall Carpet, Laminate
Basement
Yes
Basement Features
Partial, Finished
Waterfront
Yes
Lot Description
Scenic View(s)
Parking Spaces
5
Acres
0.14
Price Per Sqft
$326

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Christine Cannon Coughlin from Bantry Way Brokerage LLC

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